Italy doesn't rule out setting conditions on M&A moves for MPS
Italy doesn't rule out setting conditions on M&A moves for MPS ROME, June 18 (Reuters) - Italy's neutral stance over M&A moves for Monte dei Paschi di Siena BMPS.MI does not prevent it potentially setting conditions on the terms of any deal, Economy Minister Giancarlo Giorgetti said on Thursday.
Giorgetti told a Senate Committee that Rome could always use its so-called "golden power" legislation to have a say on the future of the Tuscan bank, if it deemed it necessary.
Italy's top banking group Intesa Sanpaolo ISP.MI this month made a €30.6 billion ($35 billion) unsolicited cash-and-share bid to buy MPS to create the euro zone's second-largest lender.
Banco BPM BAMI.MI, Italy's fourth-largest bank, also said it wanted to open talks with MPS about a potential merger.
(Reporting by Giuseppe Fonte, writing by Gavin Jones)
((gavin.jones@thomsonreuters.com; +39 06 8522 4232;))
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Italy doesn't rule out setting conditions on M&A moves for MPS