Exclusive-Italy considering extending bank merger incentives to mid-2022 – sources

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ROME (Reuters) – Italy’s Treasury is considering extending by six months tax breaks for corporate mergers it first introduced to entice a buyer for troubled state-owned bank Monte dei Paschi di Siena (MPS), two sources close to the matter said.

The scheme applies to all companies but it benefits mostly banks and it is a key plank of an incentive package the Treasury has tabled to sell MPS to stronger rival UniCredit.