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Caltagirone Deals Blow to Monte Dei Paschi Defence Plan
FGC’s opposition follows backing from two other MPS investors for Intesa Sanpaolo’s improved €35 billion offer, adding pressure before the Oct. 29 vote.
22 Articles
22 Articles
The public purchasing offer (OPA) formulated by Intesa Sanpaolo, the first Italian banking group, is more and more likely to succeed. Crédit agricole will not support the counter-offensive launched by the direction Monte dei Paschi di Siena (MPS).
·Paris, France
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Banca Monte dei Paschi di Siena's defense strategy against a hostile takeover bid by Intesa Sanpaolo has suffered a serious blow, as the bank's second-largest shareholder, billionaire Francesco Gaetano Caltagirone, said he did not support the CEO's counter-plan, Bloomberg reported.
·Budapest, Hungary
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The choice, decided unanimously by the holding company Fgc, comes after the no of Delfin and Benetton
·Turin, Italy
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Coverage Details
Total News Sources22
Leaning Left2Leaning Right1Center5Last UpdatedBias Distribution63% Center
Bias Distribution
- 63% of the sources are Center
63% Center
L 25%
C 63%
12%
Factuality
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