October 20, 2021, 2:21

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

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

    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) (BMPS.MI), 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 (CRDI.MI).

    Reporting by Giuseppe Fonte and Valentina Za; editing by Giulia Segreti

    Sourse: reuters.com

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