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(From AFX Europe (Focus))
MILAN (AFX) - Banca Popolare di Milano (BPM) said Fondiaria-SAI SpA's quoted unit Milano Assicurazioni SpA has exercised its option to acquire a further 4 pct stake in Bipiemme Vita SpA for 7.9 mln eur.
The acquisition gives BPM and Milano Assicurazioni 50 pct stakes each in Bipiemme Vita, a bancassurance venture set up in …