Monte dei Paschi di Siena: Treasury stays neutral as BPM and Intesa proposals are evaluated

Monte dei Paschi di Siena Intesa Sanpaolo offer Banco BPM merger Treasury neutrality Italian banking consolidation

Italy’s Treasury (MEF) said it will remain neutral in the restructuring of Monte dei Paschi di Siena, will not intervene in extraordinary operations and will sell its remaining 4.86% stake, worth about €1.6 billion, using a market window that maximises proceeds.

Two competing offers are on the board’s agenda. Intesa Sanpaolo proposes an OPAS valued at €30.6 billion, offering 1.6 Intesa shares plus €1 cash per MPS share, a 12.5% premium. Banco BPM seeks an equal‑merger, aiming to create a group worth around €50 billion and generate over €1.1 billion in annual pre‑tax synergies.

The board will meet soon to assess the proposals and antitrust remedies, while politicians debate possible use of the golden‑power authority. Regional representatives stress preserving jobs and the bank’s local identity in Siena and Tuscany.

Sources

Mps, Psi in difesa di banca e lavoratori. "Voce ai Consigli comunali" [www.agenziaimpress.it]

3 months ago

Mps, Giorgetti sul risiko: “Il Tesoro resterà neutrale e uscirà dal capitale nelle migliori condizioni” - Siena News [sienanews.it]

3 months ago

Mps, la settimana della verità: le due offerte sul tavolo del Cda. Bpm non molla, Intesa tira dritto [www.quotidiano.net]

3 months ago