Intesa Sanpaolo wins shareholder approval for €35bn MPS bid
Intesa Sanpaolo has received shareholder backing for its €35bn bid for Monte dei Paschi, but Italy’s antitrust authority has opened a formal probe into competition impacts across banking and insurance as it awaits regulatory clearances before a planned tender offer.
A. (MIL:ISP) secured shareholder backing for its €35bn bid for Monte dei Paschi, but the deal now faces a formal review by Italy’s antitrust authority over possible competition effects in banking and insurance. The bank is still awaiting regulatory approvals before a planned tender offer.