Intesa CEO says talking to many players over wealth management sale

Image
Reuters MILAN
Last Updated : Jun 15 2018 | 9:25 PM IST

MILAN (Reuters) - Intesa SanPaolo is still in the early stages of looking for an investor in its wealth management unit and is talking to several potential partners, its chief executive said on Friday.

"We're assessing various options with a number of global international players and clearly the world's best ones," CEO Carlo Messina said when asked about a report that Intesa could enter exclusive talks with BlakcRock.

"But we haven't decided anything yet and there isn't just one player we're talking to ... We're still in an initial phase," he added.

(Reporting by Riccardo Bastianello, writing by Valentina Za)

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jun 15 2018 | 9:16 PM IST

Next Story