As part of the disposal of non-core assets set out in its 2003-2005 Business Plan, today Banca Intesa signed an agreement with Mediobanca for the sale of the whole stake owned in Compagnie Monégasque de Banque (33.86% of the share capital). This transaction leads to a capital gain of approximately 20 million euro in Banca Intesa’s 2004 consolidated income statement.

The closing of the sale is subject to obtaining the relevant authorisations.