- Intesa Sanpaolo’s takeover offer for Banca Monte dei Paschi di Siena secured the support of Monte dei Paschi’s biggest shareholder.
- The shareholder backing boosts Intesa CEO Carlo Messina’s chances of closing one of Italy’s largest bank deals ever.
- Intesa Sanpaolo is the acquirer and Banca Monte dei Paschi di Siena is the target in the proposed transaction.
Quotes
“Intesa Sanpaolo SpA’s takeover offer for Banca Monte dei Paschi di Siena SpA won the backing of the target’s biggest shareholder, boosting Chief Executive Officer Carlo Messina’s chances of clinching one of Italy’s largest bank deals ever.”