Monte dei Paschi rejects Intesa's €30.6bn bid as undervalued

Monte dei Paschi's board has claimed that Intesa's €30.6 billion bid 'undervalues' the bank and carries regulatory and execution risks, leaving the door open for a potential tie-up with Banco BPM.

16 Jul, 16:52 — 16 Jul, 16:52

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FTVery High47d ago

Monte dei Paschi claims €30.6bn bid from Intesa ‘undervalues’ bank

MPS’s board says offer carries regulatory and execution risk, leaving door open to potential tie-up with Banco BPM

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Monte dei Paschi rejects Intesa's €30.6bn bid as undervalued

Sources

Monte dei Paschi claims €30.6bn bid from Intesa ‘undervalues’ bank

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