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Intesa Sanpaolo Investors Back Share Issue to Finance €35.4 Billion 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. This move brings Intesa Sanpaolo CEO Carlo Messina a step closer to a deal that would reshape Italy’s financial landscape.
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