Rome, June 8, 2026 (AFP) - Italy's Intesa launches rival 31 bn euro bid for MPS

NAMPA / AFP

2026-06-08

Italy's biggest bank Intesa Sanpaolo launched Monday a 31-billion euro ($35 billion) bid for Monte dei Paschi (MPS), kicking off a new round of consolidation in the country's banking sector. Intesa said its proposal would create the second-largest bank in the eurozone by market value, with a network of 3,000 branches. "The financial and banking sector, both at the Italian and European level, requires a consolidation process that creates large-sca......

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