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Finance

EXCLUSIVE Italy considering extending bank merger incentives to mid-2022 – sources

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The emblem of Monte dei Paschi di Siena financial institution is seen at a financial institution entrance in Rome, Italy August 16, 2018. REUTERS/Max Rossi

ROME, Oct 14 (Reuters) – Italy’s Treasury is contemplating extending by six months tax breaks for company mergers it first launched to entice a purchaser for troubled state-owned financial institution Monte dei Paschi di Siena (MPS) , two sources near the matter mentioned.

The scheme applies to all firms however it advantages principally banks and it’s a key plank of an incentive bundle the Treasury has tabled to promote MPS to stronger rival UniCredit .

Reporting by Giuseppe Fonte and Valentina Za; enhancing by Giulia Segreti

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