Italy, UniCredit talks on Monte Paschi purchase collapse
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October 24, 2021
(Reuters) – Italy’s government and UniCredit have called off negotiations over the sale of ailing Banca Monte dei Paschi(MPS), the Italian lender and Italy’s Ministry of Economy and Finance said in a joint statement on Sunday.
“Despite the effort from both sides, negotiations pertaining to the potential acquisition of a defined perimeter of Banca Monte dei Paschi di Siena will no longer continue,” the statement said.
(Reporting by Aishwarya Nair in Bengaluru; editing by David Evans)
Source Link Italy, UniCredit talks on Monte Paschi purchase collapse
Tajammul Pangarkar
Tajammul Pangarkar is a CMO at Prudour Pvt Ltd. Tajammul longstanding experience in the fields of mobile technology and industry research is often reflected in his insightful body of work. His interest lies in understanding tech trends, dissecting mobile applications, and raising general awareness of technical know-how. He frequently contributes to numerous industry-specific magazines and forums. When he’s not ruminating about various happenings in the tech world, he can usually be found indulging in his next favorite interest - table tennis.
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