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Business & FinanceDeals

Reuters exclusively reports Monte Paschi eyes BPM merger as Italy’s Treasury prepares exit

Reuters exclusively reported that Banca Monte dei Paschi di Siena is exploring merger options, including with Banco BPM, while Italy’s Treasury Ministry has drafted a decree to sell its controlling stake in the bailed-out bank. Rome owns 68% of the Tuscan bank following an 8 billion euro ($8.96 billion) rescue in 2017 and has promised the European Commission it will re-privatize the bank next year.

Article Tags
Topics of Interest: Business & FinanceDeals
Type: Reuters Best
Sectors: Equities
Regions: Europe
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text