By Joshua Kirby 



   Intesa Sanpaolo SpA said Wednesday that a disposal of a going concern as part of a deal with BPER Banca SpA will be completed partly in the second half of February 2021 and partly in the second quarter of the year. 


  The Italian bank has agreed to dispose of a pool of branches of the new combined entity as part of an arrangement to take over Unione di Banche Italiane SpA. 


  It said Wednesday that the closure of UBI branches would take place in the second half of February next year, while Intesa Sanpaolo branches would be sold in the second quarter. 


  Write to Joshua Kirby at joshua.kirby@dowjones.com 


  Corrections & Amplifications


  This was corrected at 6:15 a.m. ET because the original version incorrectly said in the headline and final paragraph that Intesa is closing the branches. They are selling some of the branches. Furthermore, the article misspelled the name of the bank as Intese Sanpaolo in the last paragraph.