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BackIntesa Sanpaolo, Gros-Pietro reassures MPS: "No loss of autonomy"
Intesa Sanpaolo, Gros-Pietro reassures MPS: "No loss of autonomy"
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ANSA Economia57 minutes agoBusiness1 min readItalyView original

Intesa Sanpaolo, Gros-Pietro reassures MPS: "No loss of autonomy"

The president of Intesa Sanpaolo responds to the fears of Tuscan local authorities regarding the takeover bid for MPS

Quick Look

  • The president of Intesa Sanpaolo, Gian Maria Gros-Pietro, reassures Tuscan local authorities about the takeover bid for MPS, guaranteeing the maintenance of autonomy, brand and headquarters.
  • Broad shareholder support is expected at the September 10 meeting.

AI-generated summary

Why It Matters

Intesa Sanpaolo has launched a takeover bid for MPS. Tuscan local authorities have expressed concerns about the future of the Sienese institute.

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The president of Intesa Sanpaolo, Gian Maria Gros-Pietro reassures the fears of local Tuscan authorities that with the Ca' de Sass takeover, MPS could lose its autonomy, brand and headquarters. "This doesn't happen. If we look at our recent history, and see the attitude of the shareholders who were members of banks outside the group, now they are all very happy" to be part of Intesa Sanpaolo, underlines Gros-Pietro at the Cernobbio Forum. The shareholders who have entered Intesa Sanpaolo's capital in recent years "have better dividends and above all have a much more positive vision of their future" reiterates Gros-Pietro.

"At the meeting of 10 September of Intesa Sanpaolo called to give the green light to the increase in the service of the takeover bid for MPS "I expect broad support from our shareholders. Even the proxy advisors have given their positive opinion", adds Gros-Pietro. There will be "positive reflections", those "that we have seen in previous aggregations". "Let's talk about the latest one, the one on Ubi, the shareholders of Ubi are very happy to have joined our group, but also the employees of Ubi and also their top executives who have found positions in the new structure."

What to Watch

AI outlook — possibilities, not facts

  • Intesa Sanpaolo meeting of 10 September for capital increase

    Very likely · Within days

Open Questions

  • What will be the final reaction of shareholders on September 10th?
  • How will MPS employees be managed in the long term?

Related Topics

This article was originally published by ANSA Economia.

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