ROMA (ITALPRESS) – “We want to complete the operation and we will do everything we can to succeed.” Thus Carlo Messina, CEO of Intesa Sanpaolo, in an interview with Milano Finanza, on the offer for Mps. “It is very important because it would allow us to speed up our industrial plan, anticipating about three years the objectives. With the acquisition we will reach 2,000 billion assets in management. And we can upgrade the synergies we already have in the group, since thanks to technology investments we are able to increase operational efficiency and reduce the number of employees”, he explains. “With the integration around 5,000 people could leave on a voluntary basis, encouraging generational replacement. We believe that the acquisition can create value for both Intesa Sanpaolo shareholders and Mps shareholders. The offer we presented gives Mps a multiple p/e comparable to that of JPMorgan, Morgan Stanley and Goldman Sachs. Intesa treats with a p/e of about 11 times, in line with Unicredit and San-tander, while the implicit assessment of Mps in our of-ferta arrives at 15 times. We therefore believe that we have made a good proposal. But we can also guarantee something that is missing today in Mps: serenity. In other words, a secure landing for shareholders,” he concludes.
– photo IPA Agency –
(ITALPRESS).
