June 25, 2017 / 2:46 PM / in 4 months

Intesa Sanpaolo board tasks CEO with completing purchase of Veneto banks' assets

MILAN (Reuters) - The board of Italy’s biggest retail bank Intesa Sanpaolo has tasked CEO Carlo Messina with completing the purchase of the good assets of two ailing Veneto-based lenders, a source close to the matter said on Sunday.

Carlo Messina, CEO of Intesa Sanpaolo Bank looks on during a shareholders meeting in Turin, Italy April 27, 2017. REUTERS/Giorgio Perottino

The board met on Sunday morning, the source said.

Reporting by Gianluca Semeraro, writing by Silvia Aloisi

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