Reuters logo
Intesa CEO sees no chance of growing through M&A
April 27, 2017 / 9:18 AM / in 6 months

Intesa CEO sees no chance of growing through M&A

TURIN, Italy, April 27 (Reuters) - The chief executive of Italy’s top retail bank, Intesa Sanpaolo, said there was “no chance” of the lender growing through mergers and acquisitions, just months after it dropped a possible bid for insurer Generali.

“Growth will continue on an endogenous basis, there is no chance of exogenous growth,” Carlo Messina told a shareholder meeting.

Reporting by Gianni Montani

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below