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Italy's Mediobanca gets ECB approval for Banca Generali deal

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Italy's merchant bank Mediobanca has received European Central Bank approval to buy private bank Banca Generali and create Italy's second-largest wealth manager, as it seeks to thwart a takeover bid from Monte dei Paschi di Siena. The ECB has also approved the acquisition of direct and indirect shareholdings that together…

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Click here to read the full story: RTÉ

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