Italy, UniCredit talks on Monte Paschi purchase collapse

  • 10/24/2021
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(Reuters) - Italy’s government and UniCredit have called off negotiations over the sale of ailing Banca Monte dei Paschi(MPS), the Italian lender and Italy’s Ministry of Economy and Finance said in a joint statement on Sunday. “Despite the effort from both sides, negotiations pertaining to the potential acquisition of a defined perimeter of Banca Monte dei Paschi di Siena will no longer continue,” the statement said. Reporting by Aishwarya Nair in Bengaluru; editing by David Evans

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