Banco BPM, Intesa Sanpaolo & BPER Consider Moves on Monte dei Paschi di Siena
Italian Banking Sector Eyes Monte dei Paschi di Siena
Banco BPM Initiates Talks with Monte dei Paschi di Siena
MILAN, June 7 (Reuters) - Banco BPM has invited Monte dei Paschi di Siena to talks at a time when also Intesa Sanpaolo and Unipol-backed BPER have been weighing potential moves on the Tuscan bank, four people familiar with the matter said on Sunday.
Intesa Sanpaolo's Position and Antitrust Constraints
Recent Expansion and Regulatory Hurdles
Intesa, which acquired UBI in 2020 to become Italy's biggest bank faces antitrust limits to further expansion in the country. Two of the sources said Intesa's potential interest would not be for the whole of MPS.
Official Responses from Banks
Comments from Intesa and BPER
Intesa declined to comment. BPER was not immediately available to comment.
Reporting Credits
(Reporting by Giuseppe Fonte, Valentina Za and Andrea Mandala; Editing by Angelo Amante)
