The bid for the two banks, Banco BPM and Banca Generali, is worth 34 billion euros, approximately 370 billion kronor.
Monte Paschi, the world's oldest bank, wants to make the deal to avoid being bought out by Intesa Sanpaolo.
Monte Paschi launches 34 billion euro bid for Banco BPM and Banca Generali
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Photo: Depositphotos
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TBy TT News Agency. English edition by Sweden Herald, adapted for our readers
