Intesa Sanpaolo pushes €30.6 bn bid for Monte dei Paschi di Siena

Intesa Sanpaolo is advising on a public offer to acquire Monte dei Paschi di Siena (MPS) with a total consideration of about €30.6 billion. The proposal combines 1.6 Intesa shares for each MPS share and a cash component of €1 per share, aiming to reshape Italy’s banking sector. Market reaction has been positive, with Intesa shares gaining around 1.1 % after the announcement.

Negotiations are also under way with Banco BPM. A confidential pact between MPS CEO Luigi Lovaglio and BPM’s Giuseppe Castagna has been reported, exploring a possible joint arrangement that could affect the ongoing bid. Meanwhile, a previously discussed counter‑offer involving Crédit Agricole has lost momentum. The MPS board is set to meet soon to assess the proposals, while regulators are expected to scrutinise the deal for competition and capital‑adequacy compliance.