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The Independent UK

National

Via AP news wire

Italian bank Mediobanca rejects takeover bid by domestic rival Monte dei Paschi

Mediobanca Monte dei Paschi di Siena

Italy Banks Takeover - (Copyright 2017 The Associated Press. All rights reserved.)

Italian bank Mediobanca on Tuesday rejected a surprise takeover attempt by domestic rival Monte dei Paschi di Siena.

Mediobanca said in a statement that the offer “is devoid of industrial and financial rationale.”

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