Intesa CEO Says Monte Paschi Could Open Path to European Deals

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Intesa Sanpaolo SpA Chief Executive Officer Carlo Messina stated that a successful takeover of Banca Monte dei Paschi di Siena SpA would enable his bank to pursue deals throughout Europe. Messina has presented an offer valuing the world's oldest bank at over €30 billion ($35 billion). Furthermore, the CEO indicated his readiness to manage potential counterbids, signaling that Intesa Sanpaolo SpA is prepared for a bidding war to secure the acquisition of the institution.