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BRIEF-Intesa CEO says assessment on possible Generali move will take all time it needs
February 3, 2017 / 2:47 PM / 10 months ago

BRIEF-Intesa CEO says assessment on possible Generali move will take all time it needs

Feb 3 (Reuters) - Intesa Sanpaolo Chief Executive Carlo Messina tells analysts in a post-results conference call:

* assessment on possible Generali tie-up will take all the time it needs

* bank still assessing if possible tie-up with Generali fits with its strategic priorities

* bank still in a position to pay 4 billion euros in dividends on 2017 results but given challenging conditions prefers to commit to 3.4 billion euro dividend payment

* any M&A deal must be capital neutral, without applying any capital arbitrage including Danish compromise

* any M&A deal would also have to respect commitment to pay 3.4 billion euros in dividends to Intesa shareholders on 2017 accounts Further company coverage: (Reporting by Milan newsroom)

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