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Intesa Investors Back Share Issue to Finance Monte Paschi Bid

Intesa Sanpaolo SpA shareholders approved the issuance of new shares to finance the €35.4 billion ($41.2 billion) takeover bid for Banca Monte dei Paschi di Siena SpA, bringing Chief Executive Officer Carlo Messina a step closer to a deal that would reshape Italy’s financial landscape.

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

Read the original at bloomberg.com →

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