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Bidding war erupts for world’s oldest bank as Italy’s Intesa gatecrashes BPM offer - CNBC

Intesa on Monday announced an unsolicited offer of $35.3 billion, hoping to usurp its rival and create Europe's second-biggest ​bank by market capitalization.

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A bidding war over Italy's Monte dei Paschi di Siena has erupted between rivals Intesa Sanpaolo and Banco BPM, with the two lenders vie for control of the world's oldest bank. Intesa on Monday annou… [+1253 chars]

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