Italy’s Paschi Stake Sale Is Step in Plan to Spur Bank M&A
Italian Prime Minister Giorgia Meloni moved forward with her plan to use the privatization of Banca Monte dei Paschi di Siena SpA to promote domestic banking consolidation as the latest share sale saw several national firms buy major stakes.
A little over a week ago, Italian Finance Minister Giancarlo Giorgetti approached some of the country’s wealthiest investors ...
Banco BPM has bought a stake in Banco Monte dei Paschi di Siena from the Italian government ... MPS had been a long-term ...
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