Intesa Sanpaolo releases transcript of CEO Carlo Messina comments at shareholders’ meeting

• Intesa Sanpaolo shareholders’ meeting drew comments from CEO Carlo Messina on a capital increase tied to the Monte dei Paschi di Siena deal.
• Messina called the vote a key step toward completing the transaction announced in June involving MPS.
• He set 2029 targets of more than 27 million customers, about €2 trillion in customer financial assets, net income above €16 billion.
• For 2025-2029, Messina projected about €61 billion of shareholder distributions.
• Plan includes preserving the MPS brand and Siena headquarters if the tender and exchange offer succeeds; Mediobanca positioned as another core asset.

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