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Intesa Says Its Paschi Bid Backed by Top Shareholder Delfin

Intesa Says Its Paschi Bid Backed by Top Shareholder Delfin

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Intesa Says Its Paschi Bid Backed by Top Shareholder Delfin
Image: Intesa Says Its Paschi Bid Backed by Top Shareholder Delfin

(Bloomberg) -- Intesa Sanpaolo said its sweetened offer for Banca Monte dei Paschi di Siena has won the backing of the bank’s biggest shareholder, Delfin Sarl, bringing it a step closer to victory in the Italian takeover battle.The board of Delfin, the holding company for Italy’s Del Vecchio family, will support Intesa’s tender offer with its 17.6% stake in Paschi, according to a statement from Intesa Sunday. Representatives for Delfin weren’t immediately available for a comment. A spokesperson for Monte…

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