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Monte Paschi Vows to Keep Up Bids Even If Intesa Takes It Over
Source: Bloomberg
M&A & RestructuringBanking & Liquidity
Banca Monte dei Paschi di Siena said it will continue pursuing its two offers for Banco BPM and Banca Generali even if Intesa Sanpaolo acquires it. The statement preserves the prospect of a multi-party consolidation process in Italian banking, though no deal terms, valuations, or timelines were disclosed.
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