Milan, 6 Nov. (LaPresse) – Montepaschi’s assessment of Intesa’s takeover bid is expected by November. MPS announced this in a statement on its financial results for the first nine months of the year. “With regard to the voluntary public takeover and exchange offer launched by Intesa Sanpaolo for all the shares of Banca Monte dei Paschi di Siena, the Bank is continuing its analysis. The assessment of the Offer will be made by the MPS Board of Directors in accordance with Article 103 of the Consolidated Law on Finance (TUF), based on Intesa Sanpaolo’s Offer Document and any further information available, in accordance with the procedures and timelines set out in the applicable legislation. Based on the timetable communicated by Intesa Sanpaolo, this process is expected to be completed in November”, states the statement from the Siena-based bank.
MPS: Assessment of Intesa Sanpaolo’s takeover bid expected by November
Milan, 6 Nov. (LaPresse) – Montepaschi’s assessment of Intesa’s takeover bid is expected by November. MPS announced this in a statement on its financial results for the first nine months of the year. “With regard to the voluntary public takeover and exchange offer launched by Intesa Sanpaolo for all the shares of Banca Monte dei Paschi di Siena, the Bank is continuing its analysis. The assessment of the Offer will be made by the MPS Board of Directors in accordance with Article 103 of the Consolidated Law on Finance (TUF), based on Intesa Sanpaolo’s Offer Document and any further information available, in accordance with the procedures and timelines set out in the applicable legislation. Based on the timetable communicated by Intesa Sanpaolo, this process is expected to be completed in November”, states the statement from the Siena-based bank.