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 banks ' Italian banking branches to its retail division , buy ! , to be completed in 1Q17 . Barclays continues shedding continental European retail banking operations as part of its retreat from businesses that either cannot compete or are unprofitable ; it has already expanded retail banking operations in Europe and Portugal .