Barclays PLC (BCS, BARC.LN) is near an agreement to sell its Italian bank branches to Mediobanca's (MB.MI) CheBanca unit, Reuters reported, citing sources familiar with the matter.

A deal could be announced as soon as Thursday, Reuters reported.

Full story at http://www.reuters.com/article/2015/12/02/us-barclays-italy-m-a-idUSKBN0TL2LG20151202#rbIcqD3JDIx566hJ.97

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(END) Dow Jones Newswires

December 02, 2015 16:16 ET (21:16 GMT)

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