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Intesa Sanpaolo CEO opens the door to new deals, hopes to thrive in Europe


The Intesa Sanpaolo trademark on the facade of the headquarter of Intesa SanPaolo building in Turin.

Marco Bertorello | AFP | Getty Images

The Intesa Sanpaolo trademark on the facade of the headquarter of Intesa SanPaolo building in Turin.

“If I were to be able to find a global partner and then a second step to find a counter party with whom it would be possible to create this new leader Europe, this could be something I consider very strategic.”

Intesa Sanpaolo said Tuesday that it is well on-track to deliver this year a net income above the 3.8 billion euros ($4.51 billion) registered in 2017. Intesa Sanpaolo reported a net income of 1.25 million euros in the first quarter of the year, about 43 percent of its total net income last year.

As a result, Messina said the Italian lender will be able to pay a “generous dividend” this year.

Last October, Messina criticized Ray Dalio, from the hedge fund Bridgewater, for betting against his company. At the time, there were reports that Dalio’s firm made a multi-million dollar bet against Intesa Sanpaolo, expecting the shares to come down in the short-term.

Messina told CNBC on Thursday that his firm is a good investment. “We are a good solution for investments in the long-term, so better to reduce the negative position to Intesa Sanpoaolo if you want to have an upside in the future.”

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