UniCredit returns to talks with Italian government on MPS takeover

UniCredit returns to talks with Italian government on MPS takeover

UniCredit returns to talks with Italian government on MPS takeover — — -Brussels (Brussels Morning) Italy’s second-largest bank, UniCredit, announced on Thursday evening that it has signed a deal with the Italian Treasury on guidelines for a potential takeover of the troubled Monte dei Paschi (MPS) bank, months after initial talks seemed to have fallen through.

The announcement was followed by news that its Q2 profits will exceed projections, which boosted the share prices of both banks in Friday trading.