MPS CEO fails to block Intesa Sanpaolo takeover; Italy's oldest bank nears sale

Monte dei Paschi di Siena's CEO could not rally enough support to reject Intesa Sanpaolo's multi-billion euro offer, signaling the likely end of the bank's independence. The deal, if completed, would reshape Italy's banking landscape and reduce state involvement in the lender. Uncertainty remains over final terms and regulatory approval.

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