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Monte Paschi Investors Reject Banco BPM Bid in Win For Intesa
Source: Bloomberg
M&A & RestructuringBanking & LiquidityManagement & Governance
Banca Monte dei Paschi di Siena investors rejected its €25 billion ($27.9 billion) plan to acquire Banco BPM, a major setback for CEO Luigi Lovaglio. The proposal was part of his effort to fend off a takeover bid from Intesa Sanpaolo.
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