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SocGen chair quashes UniCredit merger rumours

According to reports over the weekend the Italian bank is seeking to merge with its French rival

Thursday, 31 May 2018 at 05:52

SocGen chair quashes UniCredit merger rumours

The chair of Societe Generale has dismissed speculation over a possible merger with Italian banking rival UniCredit.

According to a report in the Financial Times over the weekend, UniCredit's chief executive Jean-Pierre Mustier, the former head of investment banking at Societe Generale, has been exploring a possible union with the French lender for months.