May 11 (Reuters) - Mediobanca: * CEO Alberto Nagel tells analysts on a post-results call he expects closing of Che Banca!/Barclays deal within the first quarter of the next financial year * Barclays agreed to sell its branches in Italy to Mediobanca’s retail division CheBanca! in a deal that will give the Italian investment bank a boost in a race for asset management fees on its home turf. Further company coverage: (Reporting by Milan newsroom)
Mediobanca's CEO Alberto Nagel has announced that he expects the sale of Barclays' Italian bank branches to its retail division, CheBanca!, to be completed in 1Q17. Barclays continues shedding continental European retail banking operations as part of its retreat from businesses that either lack scale or are unprofitable; it has already sold retail banking operations in Spain and Portugal.