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The dealmaker’s drive to create an Italian bank champion

MILAN: Carlo Messina may seem like an unlikely deal maker to kick off the inevitable wave of Italian bank mergers.

Intesa Sanpaolo spurs bank M&A with rival UBI

MILAN: Intesa Sanpaolo SpA launched one of the biggest European banking deals since the financial crisis with an unsolicited €4.9bil (US$5.3bil) bid for smaller rival Unione di Banche Italiane SpA (UBI).