Italy's competition authority opens probe into Intesa's bid for Monte dei Paschi
Italy's competition authority opens probe into Intesa's bid for Monte dei Paschi ROME, Sept 15 (Reuters) - Italy's competition authority said on Tuesday it had opened an investigation into the bid by Intesa Sanpaolo ISP.MI, Italy's largest bank, to take over smaller peer Monte dei Paschi di Siena BMPS.MI.
The antitrust body said its probe was aimed at verifying possible effects of the bid "on competition dynamics in numerous banking and insurance markets at the local and national level."
(Reporting By Gavin Jones, editing by Alvise Armellini)
((gavin.jones@thomsonreuters.com; +39 06 8522 4232;))
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