Consob Approves Intesa Sanpaolo’s €35.04 Billion Monte dei Paschi Bid
Italy’s markets regulator approved Intesa Sanpaolo’s offer document for its €35.04 billion takeover offer for Banca Monte dei Paschi di Siena, which is set to launch later this month.
By Michael HennesseyIntesa Sanpaolo received approval from Italian markets regulator Consob to buy smaller peer Banca Monte dei Paschi di Siena, with the 35.04 billion euro ($39.05 billion) takeover offer set to launch later this month.Consob on Sunday approved Intesa's offer document to buy Monte…