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EXCLUSIVE Italy considering extending bank merger incentives to mid-2022 – sources

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ROME, Oct 14 (Reuters) – Italy’s Treasury is considering extending by six months tax breaks for company mergers it first launched to entice a purchaser for troubled state-owned bank Monte dei Paschi di Siena (MPS) (BMPS.MI), two sources shut to the matter stated.

The scheme applies to all firms nevertheless it advantages largely banks and it’s a key plank of an incentive package deal the Treasury has tabled to promote MPS to stronger rival UniCredit (CRDI.MI).

Reporting by Giuseppe Fonte and Valentina Za; enhancing by Giulia Segreti

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