Economy Minister Giancarlo Giorgetti said Thursday that the government would remain neutral regarding Intesa Sanpaolo's bid to take over Monte dei Paschi di Siena (MPS), although he did not rule conditions being attached to the operation if it goes through.
    "We are neutral, but the Golden Power (authority) will make an assessment and, theoretically, it may also be necessary to evaluate whether, under those conditions, there are any requirements needed," Giorgetti told lawmakers during hearing.
    "There may be requirements, especially to ensure competitiveness, assistance to SMEs, and the presence of competition at the local level".
    The economy ministry has a stake of close to 5% in MPS following a 2017 State bailout.

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