Monte dei Paschi di Siena weighs all offers amid Intesa Sanpaolo bid and Banco BPM proposal

Monte dei Paschi di Siena (MPS) CEO Luigi Lovaglio told the La Terrazza forum that the bank is valued at more than €30 billion and will evaluate every strategic option in the interest of shareholders and customers. He said MPS will consider the public offer and share‑swap (OPAS) launched by Intesa Sanpaolo as well as an alternative merger proposal from Banco BPM, while stressing the need to keep the bank’s network intact.

Intesa Sanpaolo has formalised a consortium of top advisers, including J.P. Morgan as lead financial advisor, BNP Paribas, Morgan Stanley, Equita SIM and legal firms such as Baker McKenzie and Wachtell, Lipton, Rosen & Katz, to prepare its bid. Banco BPM is set to review the deal and may present a concrete proposal. Meanwhile, MPS resolved a long‑standing derivative dispute with the Municipality of Siena, freeing €7.1 million for local investment.