Finance

Intesa Sanpaolo CEO sees deals in Italian banks within 12 months

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LONDON — There will be new mergers in the Italian banking sector over the coming months, the CEO of Italy’s largest bank by market capitalization has predicted.

Speaking to CNBC’s Squawk Box on Friday, Intesa Sanpaolo CEO Carlo Messina said: “I think that in the next year, so within 12 months, there will be some M&A deal in the country. I don’t know what kind of bank can be merged or put together, but the future for the country is to enter into another season of merger(s).”

His comment comes after S&P Global Market Intelligence said in a note in March that Italy is on the cusp of being “the busiest market for bank mergers in Europe in 2021.”

The ratings and analysis firm said that the…



Source cnbc.com

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