MILAN (Reuters) – Italian banking union FABI does not expect redundancies from a potential deal between Banca Monte dei Paschi (MPS) and Mediobanca, its head Lando Maria Sileoni said on Wednesday.
Last week, MPS joined the consolidation wave sweeping Italian banking with a 13.3 billion euro ($13.96 billion) all-share offer to buy Mediobanca, which was welcomed by the Italian government, but puzzled analysts and investors.
(Reporting by Gianluca Semeraro; editing by Cristina Carlevaro)
