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Intesa CEO sees no chance of growing through M&A
April 27, 2017 / 9:19 AM / 7 months ago

Intesa CEO sees no chance of growing through M&A

TURIN, Italy, April 27 (Reuters) - The chief executive of Italy’s top retail bank, Intesa Sanpaolo, said there was “no chance” of the lender growing through mergers and acquisitions, just months after it dropped a possible bid for insurer Generali.

“Growth will continue on an endogenous basis, there is no chance of exogenous growth,” Carlo Messina told a shareholder meeting.

Reporting by Gianni Montani

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