Italy's Intesa sees 60% of financial benefits from Monte dei Paschi deal in 2028

MILAN, Sept 7 (Reuters) - Intesa Sanpaolo expects by 2028 to achieve 60% of the €2.9 billion ($3.4 billion) in gross financial benefits envisaged from its proposed takeover of rival Monte dei Paschi di Siena (MPS), Intesa said in a document.

Italy's biggest bank has said it expects to reach the full target in 2029, with the overall pre-tax benefits split almost equally between higher revenue and cost savings.

Intesa published on its website on Monday responses to questions submitted by shareholders ahead of a September 10 vote on the €35.7 billion share-and-cash offer for MPS.

• Intesa's shareholders will not attend the meeting in person and will vote through a representative.

• Chairman Gian Maria Gros Pietro said on Friday the bid was expected to win strong shareholder support.

• Intesa said in the document that the projected €1.5 billion in pre-tax cost savings would comprise €0.6 billion from lower staff costs and €0.9 billion from reduced administrative expenses.

• While Intesa plans to offset in full the 6,800 voluntary staff departures envisaged under the takeover plan, it expects savings from lower pay for new hires and because 2,700 of them will be "global advisers" rather than full-time employees.

• Intesa expects €1.4 billion in one-off net integration costs to fund the voluntary staff departures, integrate IT systems, close some branches and rebrand the 625 MPS outlets it plans to add.

($1 = 0.8604 euros)

(Reporting by Valentina Za. Editing by Mark Potter)