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MILAN, Aug 26: The boards of Banca Intesa and Sanpaolo IMI, Italy's second and third-largest banks, met separately on Saturday to seal a merger plan to create one of Europe's top banks.
The link-up between the two banks will transform Italy's business landscape, put the new entity at the pinnacle of the country's still fragmented banking system and create a national champion able to fend off foreign bank takeovers.—Reuters
