Banco BPM, Anima Buy Into Banca Monte Dei Paschi as Italian State Cuts Stake

By MarketWatch | Nov 14, 2024 at 03:12 AM EST

Italy's Ministry of Economy and Finance sold 189 million shares of a bank at a premium price. Banco BPM acquired a stake in Monte dei Paschi. Banco BPM is also pursuing a takeover bid for Anima, potentially becoming the second-largest banking group in Italy.

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