UBI president Giovanni Moltrasio has announced that the Italian company is not seeking a merger with Monte dei Pashi di Milano . mentioned fresh speculation in the local press about a possible merger with UBI following the bad loan sale. UBI 's troubled rival has long sought a stronger merger , but it has declined to take this offer .
UBI president Giovanni Moltrasio has announced that the Italian company is not seeking a merger with Monte dei Pashi di Milano . UBI 's troubled rival has long sought a stronger merger , but it has declined to take this offer .