Deals
Europe’s Long-Awaited Wave of Bank M&A Starts to Reshape Sector
- Lenders from across the continent are exploring tie-ups
- ECB intervention adds momentum in European finance M&A
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After years in the doldrums, Europe’s banking sector is abuzz with transactions.
The past week has already seen Italy’s Intesa Sanpaolo SpA agree to buy Swiss private bank Reyl & Cie. SA and Spain’s Unicaja Banco SA restarting merger talks with rival Liberbank SA. There’s the potential for even bigger deals to come, with shares in Societe Generale SA and BNP Paribas SA rising Monday on analyst speculation about a potential tie up between the two French companies.