Bidding war erupts for world's oldest bank as Italy's Intesa gatecrashes BPM offer
Italy's largest bank, Intesa Sanpaolo, has gatecrashed the bid for Banca Monte dei Paschi di Siena — the world's oldest operating bank — with a €12 billion counter-offer that tops the bid Banco BPM unveiled last month. Monte dei Paschi shares jumped about 11% in Milan trading.
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