Italy to abstain from Monte Paschi vote
Italy will abstain from a vote on Monte Paschi defensive acquisitions against a takeover bid by Intesa Sanpaolo. Economy Minister Giancarlo Giorgetti said the government will abide by the market outcome.
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Italy will abstain from a shareholder vote on defensive acquisitions by BANCA MONTE DEI PASCHI SIENA aimed at blocking a takeover by INTESA SANPAOLO, Economy Minister Giancarlo Giorgetti said Wednesday afternoon.
