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MPS CEO Lovaglio pushes ahead with plans as Fondaco pledges no vote

Original: intesa mps

MPS chief executive Andrea Lovaglio is not backing down from the bank's plans, while shareholder Fondaco says it will vote against the public offers involved. The standoff between management and a key investor keeps attention on the future strategy of the Italian bank, with Corriere della Sera reporting the details.

Why now: A clash between MPS leadership and a major shareholder over the bank's plans is drawing interest from Italian business readers.

MPS (Banca Monte dei Paschi di Siena)Andrea LovaglioFondacoCorriere della Sera

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Evidence

• Mps: il ceo Lovaglio non rinuncia ai piani, Fondaco voterà contro le ops · Corriere della Sera

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