By Mauro Orru

Intesa Sanpaolo SpA said it has reached a supplementary agreement regarding its deal to sell certain branches and other operations to BPER Banca SpA following Intesa Sanpaolo's takeover of Unione di Banche Italiane SpA.

Intesa Sanpaolo said late Thursday the supplementary agreement covers 486 of the combined company's branches--seven more than in the previous agreement--and 134 other outlets such as sub-branches. The agreement also includes the transfer of 5,107 staff members, the bank said.

Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94

(END) Dow Jones Newswires

November 13, 2020 02:00 ET (07:00 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
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