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Merger in the banking sector

One of the largest banking groups in Italy, Intesa Sanpaolo S.p.a., has declared its intention to proceed with the takeover of UBI Banca S.p.a. The potential merger between these two banks raises concerns regarding the competition level in numerous markets: hence, the merger must be first approved by the Italian Competition Authority. Lear is assisting UBI Banca and its legal advisers in assessing all the anticompetitive issues that may emerge after the takeover, and whether the remedies proposed by Intesa Sanpaolo may be sufficient in order to solve these problems.