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Intesa shareholder Cariplo says would support cross-border M&A

Reuters

MILAN, April 5 () - The head of Fondazione Cariplo, an influential shareholder of Italy'sIntesa Sanpaolo, said he would support any potential cross-border merger plan that could be put forward by the bank's chief executive.

Asked whether Intesa needed a cross-border tie-up, Giuseppe Guzzetti said: "This is for the CEO to say. Should he bring any proposals we would back him.

"Should he come with a proposal we would examine it. We have reasons to believe it would be a good proposal and we will back him right through the end," he told reporters in Milan.


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Reuters

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