MPS requires state approval for Generali stake sale

The Italian lender may consider selling its 13.2 percent stake in Generali if the buyer meets government standards. Rome aims to keep the insurer in domestic hands.

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Monte dei Paschi di Siena (MPS) is reportedly considering the potential sale of its significant stake in insurer Generali, though any such move would remain strictly contingent on the approval of the government in Italy.

The historic headquarters of Monte dei Paschi di Siena, considered the oldest operating bank globally, located in Siena, Italy. REUTERS/Jennifer Lorenzini/File Photo
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