Planned combination of ‘equals’ is latest attempt at banking consolidation in the country
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Planned combination of ‘equals’ is latest attempt at banking consolidation in the country
Banco BPM SpA has proposed a merger of “equals” with Banca Monte dei Paschi di Siena Spa that would create Italy’s second-largest banking group, with a market value of more than €50 billion.
Financial Times reported the story as "Intesa prepares Monte dei Paschi bid to gatecrash BPM’s €50bn bank merger."
2 sources have covered this story, including Financial Times and Bloomberg. The earliest reporting in the cluster landed about 5 hours ago.
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Claim ledger
[01] VerifiedCore event reported by 2 independent outlets across the spectrum.
[02] DisputedKey facts present in mainstream desks; corroboration thin from wires.