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Intesa Sanpaolo Gets ECB Approval for $1.86 Billion Buyback

Provided by Dow Jones

Mar 11, 2024 6:22pm

By Mauro Orru

Intesa Sanpaolo said it had received the green light from the European Central Bank to buy back up to 1.7 billion euros ($1.86 billion) of shares.

The Italian bank said Monday that the buyback, to be submitted for approval at the upcoming ordinary shareholders' meeting, would launch in June.

Write to Mauro Orru at mauro.orru@wsj.com

(END) Dow Jones Newswires

March 11, 2024 14:22 ET (18:22 GMT)

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