Milan, 3 Aug. (LaPresse) – “The acquisition of MPS would make Intesa the second-largest bank by market capitalisation in the Eurozone, after Spain’s Banco Santander. Intesa is the number one bank in Italy, but it has a less international focus. For UniCredit, international operations are set to take on greater importance, particularly following the integration of Commerzbank.” This is reported by the Frankfurter Allgemeine Zeitung in an article on Intesa Sanpaolo and the Italian banking landscape, entitled ‘It is likely that Intesa, a competitor of UniCredit, will become even stronger’. “If Intesa were to succeed in acquiring MPS, this would probably lead to its break-up: Intesa primarily intends to take over the investment bank Mediobanca, including its 13 per cent stake in the Italian insurance company Generali. Furthermore, the market leader plans to absorb around 600 MPS branches. The other half of the branch network, together with the MPS brand and MPS’s main central functions, is instead expected to pass to the Italian insurance company Unipol, with which Intesa Sanpaolo has reached an agreement. Unipol intends to integrate MPS’s branches with its banking subsidiary BPER to create a more robust operator,” the German newspaper adds.
Intesa Sp, Faz: “Even stronger with the acquisition of MPS”
Milan, 3 Aug. (LaPresse) – “The acquisition of MPS would make Intesa the second-largest bank by market capitalisation in the Eurozone, after Spain’s Banco Santander. Intesa is the number one bank in Italy, but it has a less international focus. For UniCredit, international operations are set to take on greater importance, particularly following the integration of Commerzbank.” This is reported by the Frankfurter Allgemeine Zeitung in an article on Intesa Sanpaolo and the Italian banking landscape, entitled ‘It is likely that Intesa, a competitor of UniCredit, will become even stronger’. “If Intesa were to succeed in acquiring MPS, this would probably lead to its break-up: Intesa primarily intends to take over the investment bank Mediobanca, including its 13 per cent stake in the Italian insurance company Generali. Furthermore, the market leader plans to absorb around 600 MPS branches. The other half of the branch network, together with the MPS brand and MPS’s main central functions, is instead expected to pass to the Italian insurance company Unipol, with which Intesa Sanpaolo has reached an agreement. Unipol intends to integrate MPS’s branches with its banking subsidiary BPER to create a more robust operator,” the German newspaper adds.
