Italy considering extending bank merger incentives to mid-2022 – sources

Industry:    2021-10-18

Italy’s Treasury is considering extending by six months tax breaks for corporate mergers it first introduced to entice a buyer for troubled state-owned bank Monte dei Paschi di Siena (MPS), two sources close to the matter said.

The scheme applies to all companies but it benefits mostly banks and it is a key plank of an incentive package the Treasury has tabled to sell MPS to stronger rival UniCredit.

print
Source: