Tuesday May 13, 03:58 PM
Intesa CEO sees no reason for Fideuram IPO until market conditions improve
MILAN (Thomson Financial) - Intesa Sanpaolo SpA CEO Corrado Passera said he sees no reason 'to force' the planned listing of its asset management unit Banca Fideuram SpA (Milan: BFI.MI
- news) until market conditions improve.
'It will depend very much on the situation,' he said in a conference call with analysts to present the bank's quarterly results.
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