Popolare Sondrio becomes a spa. “Not necessarily M&A in the future”

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The curtain falls definitively on the era of the great Italian popular banks. With the surrender of the Popolare di Sondrio, on the wire with respect to the end of year deadline, yesterday the reform process decided by the law passed in 2015 by the government led by Matteo Renzi, which imposed on cooperative institutions with assets exceeding 8 billion to become a joint stock company. The shareholders’ meeting, met only in the presence of the designated representative due to …