CheBanca! : Franchise Herald

CheBanca!

CheBanca!

Barclays to Sell Italian Retail Banking Business to CheBanca!, Part of Reduction of Non-Core Business

Barclays PLC has announced in a press release that it will be selling its Italian Retail Banking network of 89 branches to CheBanca!, the retail arm of the Mediobanca Group. The transaction is part of Barclays’ strategy to reduce businesses that are unprofitable or lack scale.

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