(Bloomberg) --
Italy's MedioCredito Centrale SpA is preparing to enter Banca dei Monte dei Paschi di Siena SpA's data room, Il Sole 24 Ore reported on Saturday.
State-controlled MCC would join UniCredit SpA, which started talks to acquire a “defined perimeter” of Paschi's operations from the Italian finance ministry in late July. MCC would particularly look at Paschi's branches in Southern Italy, where UniCredit is already strong.
Read More: Italy Weighs Rights Offer of Up to $3.5 Billion for Paschi
On Friday, Il Messaggero reported that UniCredit may exclude Paschi's investment and corporate banking arm from its purchase.
Paschi was acquired by Italy as part of a state bailout in 2017, while MCC is owned by Italy's development agency Invitalia, which in turn is owned by the country's finance ministry.
©2021 Bloomberg L.P.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
