Italian bank BPER Banca will hold a board meeting later on Sunday to approve a revised deal with Intesa Sanpaolo that addresses antitrust issues in Intesa's takeover bid for UBI Banca , a source close to the matter said.
Intesa Sanpaolo launched a bid for smaller rival UBI Banca in February but the deal has run up against antitrust hurdles.
But Italy’s antitrust authority said earlier this month the takeover would strengthen or create a dominant position for Intesa in several areas. On Sunday the source said the board would clear a new deal with Intesa later in the day, without elaborating on details.
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