Business & Finance
Italian Financial Stocks Soar as Paschi Bids Revive Deal Chatter
Key Points
Italian Financial Stocks Soar as Paschi Bids Revive Deal Chatter Italian banks and insurers sprang into life this week as a potential bidding battle for Banca Monte dei Paschi di Siena SpA triggered broad gains across the country’s financial stocks. Paschi shares were up 15% as of Thursday’s close, headed for their best week in six years, while Mediobanca SpA and Unipol Assicurazioni SpA were both showing double-digit gains. Banca SpA, Banco BPM Spa and Assicurazioni Generali SpA have also...
Italian Financial Stocks Soar as Paschi Bids Revive Deal Chatter
Italian banks and insurers sprang into life this week as a potential bidding battle for Banca Monte dei Paschi di Siena SpA triggered broad gains across the country’s financial stocks.
Paschi shares were up 15% as of Thursday’s close, headed for their best week in six years, while Mediobanca SpA and Unipol Assicurazioni SpA were both showing double-digit gains. BPER Banca SpA, Banco BPM Spa and Assicurazioni Generali SpA have also seen sizeable increases.
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BANCA DAL 1472