Agreement: Messina to promote the identity of MPS and the Mediobanca brand
Thanks to our members, strong support for Opas
(Il Sole 24 Ore Radiocor) - “Monte dei Paschi di Siena has a unique history within the global banking landscape. Over five centuries of history have forged an extraordinary bond with Siena, Tuscany, and the people, businesses and communities of these regions. It is a legacy of identity, professionalism, relationships and trust that we regard as of great value. We wish to preserve and enhance this identity and our bond with Siena as part of a broader, more
'solid and with greater potential for growth'. This was stated by Intesa Sanpaolo’s CEO, Carlo Messina, commenting on the shareholders’ meeting’s approval of the capital increase to fund the takeover bid for MPS. “I would like to thank our shareholders for the strong support they have shown today for our proposal,” he added. “The approval of the capital increase represents a crucial step towards completing the transaction announced last June involving Monte dei Paschi di Siena and building an even stronger group, for the benefit of shareholders, customers, families, local communities and Italia as a whole.” Mediobanca, a subsidiary of MPS, also represents “another asset of great value. Its expertise, its positioning in Corporate & Investment Banking and Wealth Management, the quality of its staff and its client relationships will complement the capabilities of IMI Corporate & Investment Banking and will further strengthen a business model that is fully consistent with that of Intesa Sanpaolo’. ‘We intend to capitalise on its brand,’ concludes Messina, ‘its professional expertise and distinctive capabilities within a group with greater scale and influence’
'European'.
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