Brussels, 13/06/2005 (Agence Europe) - The boards of governors of the Italian bank Unicredito and the German bank Hypovereinsbank (HVB) on Sunday approved plans by both establishments to merge. The operation will take the form of a public exchange offering on the part of the Italian bank for its German partner to the tune of five new Unicredito shares for each HVB share, valuing Unicredito at 15.4 billion EUR. The economic press describes this merger as the largest cross-border banking...