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FOCUS-Orcel's arrival at UniCredit shakes up match-making among Italy's banks


Orcel set to weigh alternative M&A options to MPS
Banco BPM seen as a potential target
Takeover threat could hasten merger talks with BPER
By Valentina Za, Andrea Mandala and Giuseppe Fonte
MILAN, Feb 12 (Reuters) - The arrival of star dealmaker Andrea Orcel at the helm of UniCredit risks complicating Rome’s bid to clinch a rescue deal for problem bank Monte dei Paschi di Siena.
Generous tax incentives designed to pave the way for a sale of Monte dei Paschi (MPS) are seen spurring other Italian bank mergers in 2021, and UniCredit is weighing its options after rival Intesa Sanpaolo last year secured a fifth of the market with its UBI takeover. ....

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