Intesa Sanpaolo shareholders approve share issue for BMPS bid
Intesa Sanpaolo shareholders gave near-unanimous backing for a new share issue needed to fund its €35 billion ($40.7 billion) takeover bid for Monte dei Paschi di Siena. The approval represented 63.88% of the company.
Shareholders in Italy's biggest bank Intesa Sanpaolo MILSEDEX:I05808 on Thursday gave near unanimous backing for a new share issue needed to fund the €35 billion ($40.7 billion) takeover bid for Monte dei Paschi di Siena MIL:BMPS.Intesa said in a statement that shareholders representing 63.88% of i…