Sanpaolo not looking at foreign buys - CEO

Newswire

MILAN, March 23 (Reuters) - Italy's number three bank Sanpaolo IMI is not actively considering foreign acquisitions, its Chief Executive Alfonso Iozzo said at a results presentation on Wednesday. Earlier this month, Sanpaolo Chairman Enrico Salza said the Turin bank was considering other merger possibilities after talks with Franco-Belgian bank Dexia failed last year. Iozzo also said Sanpaolo would consider reviewing the terms of a 3 billion-euro ($3.95 billion) convertible loan offered ...

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