MODENA, Italy (Reuters) - Italy's Intesa Sanpaolo (MI:ISP) will not unveil its plans for a possible deal with insurer Generali (MI:GASI) over the weekend, the bank's chairman said on Saturday.
Intesa said this week it was examining a possible tie-up with Generali in what would be one of Europe's biggest deals of this kind.
"Nothing will happen" over the weekend, Intesa's Chairman Gian Maria Gros-Pietro told reporters on the sidelines of a financial conference in Modena.
He added that Generali would not be on the agenda of Intesa's board meeting on Feb.3, which will review the bank's 2016 results.