UniCredit declines comment on talk of plan to split foreign, domestic business
MILAN (Reuters) - UniCredit <CRDI.MI> declined to comment on a newspaper report on Wednesday it is studying a plan to split its domestic and foreign operations to protect shareholders from Italy-related risk.
According to financial daily Il Sole 24 Ore, UniCredit management has examined a plan that the paper said was probably pitched by an investment bank.
"The bank does not comment on market rumour and speculation," a UniCredit spokeswoman said.
(Reporting by Gianluca Semeraro and Stephen Jewkes)