Minister Giorgetti clarified that the Treasury will neither endorse nor oppose the extraordinary transactions currently surfacing in the banking sector. This hands-off approach arrives as Intesa Sanpaolo seeks to absorb the lender to forge the euro zone’s second-largest banking group, while Banco BPM has simultaneously expressed a desire to initiate merger talks.
Despite the government's neutrality on these specific deals, the state remains a 5% shareholder in the bank following its 2017 bailout. The Treasury is actively seeking an exit from this residual stake, with Giorgetti identifying market placement as a primary strategy to divest under the best possible financial conditions.
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