Meloni Ally Signals Backing for Monte Paschi Mediobanca Bid

By and Sonia Sirletti
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A key ally of Italian Prime Minister Giorgia Meloni gave the clearest hint yet of high-level backing for Banca Monte dei Paschi di Siena SpA 's effort to buy Mediobanca SpA.
The Monte Paschi-Mediobanca deal 'could merge a specific characteristic of our economy — that is, small and medium enterprises — which Monte Paschi has represented very well in recent years through a very active management, along with an investment bank,' Marco Osnato, the head of the economic department in Meloni's Brothers of Italy party, said in an interview.

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