MILAN, May 12 (Reuters) - Monte dei Paschi is not tied to the stake it holds in insurer Generali, CEO Luigi Lovaglio said on Tuesday, though he added he had not had time to consider scenarios that might justify a sale.
Speaking on a post-results analyst call, Lovaglio said the Generali stake remained a useful, non-essential holding that provides a diversified revenue stream as well as flexibility for potential operational partnerships.
Asked about possible disposal scenarios, he said his focus on the Mediobanca integration process had left little room to assess the issue. As a result, he could not say under what circumstances it would be "logical or profitable" for MPS to sell the holding.
(Reporting by Valentina Za, Editing by Louise Heavens)
