EXCLUSIVE-Italy considering extending bank merger incentives to mid-2022 - sources

  • 10/14/2021
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ROME, Oct 14 (Reuters) - Italy’s Treasury is considering extending by six months tax breaks for corporate mergers it first introduced to entice a buyer for troubled state-owned bank Monte dei Paschi di Siena (MPS), two sources close to the matter said. The scheme applies to all companies but it benefits mostly banks and it is a key plank of an incentive package the Treasury has tabled to sell MPS to stronger rival UniCredit. (Reporting by Giuseppe Fonte and Valentina Za; editing by Giulia Segreti) Our Standards: The Thomson Reuters Trust Principles.

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