STORY-TRÅD·nyheter

Intesa Investors Back Share Issue to Finance Paschi Offer

Intesa Sanpaolo SpA shareholders approved the issuance of new shares to finance the €35.4 billion ($41.2 billion) takeover bid for Banca Monte dei Paschi di Siena SpA, bringing Chief Executive Officer Carlo Messina a step closer to a deal that would reshape Italy’s financial landscape.