Italy antitrust nears clearance for Intesa MPS deal
Italy antitrust authority clears Intesa Sanpaolo to proceed with its planned takeover of Monte dei Paschi di Siena. Intesa must sell a few dozen additional branches and divest a defense stake in Generali to secure final approval before late November.
Xurve View
Insights:
Xurve View
INTESA SANPAOLO will divest a few dozen additional branches in Italy to secure antitrust clearance for its takeover of BANCA MONTE DEI PASCHI SIENA, per media reports on Thursday morning. The Italian competition watchdog has finalized its assessment, clearing the path for a formal green light before the tender offer opens. The clearance removes a major regulatory hurdle for the consolidation deal in the Italian banking sector.
