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Intesa Investors Back Share Issue to Finance Monte Paschi Bid

Key Points

Intesa Sanpaolo SpA shareholders approved the issuance of new shares to finance the €35.4 billion ($41.2 billion) takeover bid for Banca Monte dei Paschi di Siena SpA, bringing Chief Executive Officer Carlo Messina a step closer to a deal that would reshape Italy’s financial landscape.

Intesa Sanpaolo SpA shareholders approved the issuance of new shares to finance the €35.4 billion ($41.2 billion) takeover bid for Banca Monte dei Paschi di Siena SpA, bringing Chief Executive Officer Carlo Messina a step closer to a deal that would reshape Italy’s financial landscape.
Intesa Investors Back Share Issue (ORG) Monte Paschi Bid (PERSON) Intesa Sanpaolo SpA (ORG) Banca Monte dei Paschi di Siena SpA (ORG) Carlo Messina (PERSON) Italy (LOCATION)
Originally published by Bloomberg Markets Read original →