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.
Following an overpriced €9 billion acquisition in 2007, the Banca Monte dei Paschi di Siena went through a period of ...
A little over a week ago, Italian Finance Minister Giancarlo Giorgetti approached some of the country’s wealthiest investors ...
Having restructured under Lovaglio after a 2017 bailout and a 2022 cash call, Monte dei Paschi has begun benefitting from DTAs accumulated during years of steep losses. But Italy intends to ...
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