MILAN (Reuters) - Intesa Sanpaolo (MI:ISP) is confident it can overcome objections raised so far by Italy's antitrust authority to its proposed takeover bid for rival UBI Banca (MI:UBI), a top executive at the Italian lender was quoted as saying on Thursday.
"The bank is doing its utmost to cooperate with the competition regulator and ... is confident it can overcome any difficulties, also in light of the findings of the preliminary antitrust inquiry, so as to gain a green light," Gaetano Micciche, the chairman of Intesa's investment banking arm IMI (LON:IMI), told local paper La Guida.