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MPS board faces decisive talks over Lovaglio's Intesa deal

Original: cda mps

Monte dei Paschi di Siena's board of directors is meeting as chief executive Luigi Lovaglio plays his last cards in the effort to finalise the bank's takeover by Intesa Sanpaolo and avoid the government's golden power conditions, known as Opas. Italian media, including la Repubblica, report that the discussions concern Lovaglio's remaining options to secure the deal's completion.

Why now: Lovaglio is reportedly making final moves to escape the government's Opas conditions on the MPS-Intesa merger, making the board's deliberations newsworthy.

Monte dei Paschi di SienaLuigi LovaglioIntesa Sanpaolola RepubblicaItalian government

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Evidence

• Le ultime carte di Lovaglio per sfuggire dall’Opas Intesa · la Repubblica

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