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Monte dei Paschi assembly not a referendum, Lovaglio says

Original: mps

Monte dei Paschi di Siena chairman Nicola Lovaglio said the bank's shareholder meeting is not a referendum between Monte dei Paschi's own proposal and the rival one put forward by Intesa Sanpaolo. His comments come as investors weigh competing plans ahead of the vote, keeping the future direction of the Siena-based bank in the spotlight in Italy.

Why now: Mounting tension over competing proposals for Monte dei Paschi ahead of its shareholder assembly.

Monte dei Paschi di SienaNicola LovaglioIntesa Sanpaolo

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Evidence

• Lovaglio: “L’assemblea Mps non è un referendum tra la nostra proposta e quella di Intesa” · la Repubblica

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