FILE PHOTO: The logo of Monte dei Paschi di Siena bank is seen at a bank entrance in Rome, Italy August 16, 2018. REUTERS/Max Rossi
October 14, 2021
ROME (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)