Intesa Sanpaolo May Be Involved in Veneto Banca Judicial Case
29 Enero 2018 - 01:17AM
Noticias Dow Jones
By Pietro Lombardi
Intesa Sanpaolo SpA (ISP.MI) may be involved in a judicial case
that has been brought against Veneto Banca, a regional bank it
acquired last year, its said on Friday.
The Italian lender said in an emailed statement that it was
dismayed by the possible involvement in the proceedings, adding
that it has bought only some assets of Veneto Banca and another
regional lender.
Last year, Intesa took part in the rescue of the two banks which
had gone bust. The Italian government liquidated the regional
banks' bad assets, while Intesa Sanpaolo bought the good ones for
one euro.
"Intesa Sanpaolo will defend itself and will exercise all legal
and contractual rights," the bank said.
Write to Pietro Lombardi at pietro.lombardi@dowjones.com
(END) Dow Jones Newswires
January 29, 2018 02:02 ET (07:02 GMT)
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