Italian financial group Unipol said on Friday its nine-month net profit grew 12.4% to €1.39 billion. This rise was driven by its core insurance business and a contribution from BPER Banca. The Bologna-based insurer also plans to merge many branches into BPER in a deal worth up to €3.5 billion.
Nov 13 (Reuters) - Italian financial group Unipol (UNPI.MI), opens new tab said on Friday its nine-month net profit grew 12.4% to €1.39 billion ($1.54 billion), including a contribution from the BPER Banca (EMII.MI), opens new tab investment and driven by its core insurance business.
The results come as the Bologna-based insurer moves to take on about 635 Monte dei Paschi di Siena (MPS) branches from Intesa Sanpaolo, with the aim of merging them into BPER in a deal worth up to €3.5 billion that depends on Intesa winning control of MPS.
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