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Banca Monte dei Paschi di Siena SpA Concludes Talks with Trade Unions Over Antonveneta Merger; Creates New Regional Area of Antonveneta

Tuesday, 23 Apr 2013 12:20pm EDT 

Banca Monte dei Paschi di Siena SpA (BMPS) announced that it has concluded talks with trade unions over the procedures for transitioning Banca Antonveneta's employees into BMPS following the merger, effective as of April 29, 2013. The merger is part of the Group's reorganization process set out in the 2012 - 2015 Business Plan, as a way to combine objectives of efficiency recovery with the need for market coverage and support the Group's growth strategy. In this connection, the new regional area of Antonveneta has been created to include the branch network of the merged bank and branches of the current BMPS network present in the Triveneto area (comprising the regions of Veneto, Trentino-Alto Adige and Friuli Venezia Giulia). 

Company Quote

0.0061 +1.31%
23 Dec 2014