Unipol Chief Vows to Keep Monte dei Paschi Base in Siena

Under the proposed acquisition, Intesa intends to divest the MPS brand alongside roughly half of the bank's branch network. These assets would move to Unipol, which plans to integrate them into BPER, the medium-sized lender where Unipol currently holds a controlling interest. Cimbri emphasized that the deal includes no plans for outright dismissals. Instead, the firm intends to manage headcount through negotiated agreements with trade unions to streamline operations across the newly merged entities.