ECB authorizes Intesa Sanpaolo to acquire control of Monte dei Paschi

The European Central Bank has authorized Intesa Sanpaolo to acquire control of Banca Monte dei Paschi di Siena, removing a major regulatory hurdle for the €31.4 billion takeover bid. Intesa gains indirect control over MPS's equity stakes, including its interest in Mediobanca, and has committed to divesting a portion of MPS's branches to Unipol to mitigate antitrust concerns.

Detected & updated continuously · Source: Nebula