Thursday, December 29, 2005

Unipol bid for BNL to go ahead despite resignations


Unipol, the Italian insurer, still has its eyes set on acquiring Banca Nazionale del Lavoro, the mid-sized Italian bank that remains a potential target for Spain's BBVA bank, Italian bankers said on Thursday.

Unipol is awaiting clearance from Italian regulators to launch its offer for BNL, and the prospects for its bid are sure to be affected by the views of Mario Draghi, the managing director of Goldman Sachs International who was named on Thursday as the next governor of the Bank of Italy.


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And just for a laugh, here is the Compliance document signed by Giovanni Consorte, President of Unipol.