Italian independents Chiomenti and Grimaldi e Associati have bagged lead roles on the latest bumper deal in the fast-consolidating Italian banking sector – the proposed merger between UniCredit and Capitalia, which would create a banking giant worth around €100bn (£68bn).

Chiomenti is advising Capitalia, with corporate partner Michele Carpinelli leading the team. Grimaldi corporate partner Roberto Capelli is acting on behalf of Unicredit.