Intesa CEO sees no M&A opportunity for now

MILAN, March 28 Fri Mar 28, 2014 7:01am EDT

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MILAN, March 28 (Reuters) - Italy's biggest retail bank, Intesa Sanpaolo, does not see any opportunity for acquisitions for the time being, its CEO Carlo Messina said on Friday.

In a conference call with analysts, Messina ruled out an acquisition in Italy in any case. He also said the bank did not plan a conversion of its savings shares into ordinary shares for now.

(Reporting by Silvia Aloisi; editing by Francesca Landini)

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