Italy's BPER is not looking at Monte dei Paschi, top investor says

UnipolSai Assicurazioni SpA

12/10/2022 12:05

ROME, Oct 12 (Reuters) - Italy's BPER Banca  EMII.MI  is
not interested in merging with rival Monte dei Paschi  BMPS.MI 
after the state-owned bank's upcoming cash call as it is not
looking for M&A deals, its top investor chairman told Reuters on
Wednesday. 
    "Bper has its own industrial plan, which envisages the
consolidation of the acquisitions already made. It must do well
what it has planned," said Carlo Cimbri, Unipol  UNPI.MI 's
chairman, which is the top shareholder in BPER with a nearly 20%
stake.
    Cimbri added Unipol is not interested in investing in Monte
dei Paschi's capital increase. 
 (Reporting by Andrea Mandalà, writing by Gianluca Semeraro,
editing by Cristina Carlevaro)
 ((gianluca.semeraro@tr.com; +39 06 80 307 741;))