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Intesa Sanpaolo to finalize merger with Banaca IMI

[fiveniner]

Could this be what has been holding up the news?
Sort out the housekeeing first?

https://group.intesasanpaolo.com/en/newsroom/news/all-news/2020/imi-corporate-investment-banking-is-born

The presentation event of the new IMI Corporate & Investment Banking Division was held today 23 June 2020. The Division will be created upon completion of the process of merger by incorporation of Banca IMI into Intesa Sanpaolo, expected in July.

The operation will be carried out in complete business continuity and will allow to enhance the experience of Intesa Sanpaolo's Corporate and Investment Bank (CIB), which boasts an international presence of hubs and corporate branches present in 25 countries worldwide.

The new reality intends to actively support the economic recovery of the country, with a unique and distinctive business model based on the relationship with customers and high specialist skills, to encourage the strengthening of the international presence and offer excellence on Capital Markets products, Investment Banking and Structured Finance.

The integration of Banca IMI into the Parent Company falls within the context of Intesa Sanpaolo's 2018-21 Business Plan as a key engine for its implementation. Already today, in fact, the undisputed leading Italian investment bank in the Capital Markets & Investment Banking sector, represents a significant element for achieving the results of the whole Group.

Gaetano Miccich, Mauro Micillo and Massimo Mocio will be respectively Chairman, Division Manager and Head of Global Markets & Investment Banking (Deputy of the new Division).