On Thursday 29 June, the European Commission cleared the sale of the Italian bridge bank Nuova Carife to BPER Banca, pursuant to the condition laid down on 22 November 2015 when the Commission authorised the resolution of four small Italian banks (see EUROPE 11436).
Nuova Carife was one of four bridge banks created at the time with a view to being sold at a later date. The Commission approved the sales of the other banks, Nuova Banca Marche, Nuova Banca Etruria and Nuova Carichiete, on 30...