Intesa Sanpaolo is “appalled” for his possible involvement in a trial

© Reuters. INTESA SANPAOLO IS “APPALLED” FOR HIS POSSIBLE INVOLVEMENT IN A TRIAL

MILAN (Reuters) – Intesa Sanpaolo (MI:ISP) said Friday that it learned “with dismay” that it might be involved in a judicial procedure conducted against Veneto Banca, one of the two banks veneti in bankruptcy that it has times the last year.

The largest retail bank Italian has accepted in June 2017 in return for a symbolic one euro of some assets and liabilities of Popolare di Vicenza and Veneto Banca.

In a statement Intesa Sanpaolo said to have taken over only certain assets of these two banks and that this acquisition had nothing to do with historical facts.

“Intesa Sanpaolo will not hesitate to defend themselves and will exercise all its legal and contractual rights,” said the bank.

Earlier Friday, a consumer association stated that an Italian court had accepted his request to include Intesa in a court case against former managers of two banks veneti for obstruction presumed to regulatory authorities.

(Agnieszka Flak; Catherine Mallebay-Vacqueur for the service françai)