Rome, Aug 21, 2026 (AFP) - Italy's MPS launches twin bids for Banco BPM, Banca Generali to fend off Intesa

NAMPA / AFP

2026-08-21

Italian bank Monte dei Paschi di Siena launched bids Friday to buy both Banco BPM and the wealth management firm Banca Generali, seeking to scupper a a hostile takeover by its rival Intesa Sanpaolo. Monte dei Paschi, the world's oldest bank, said the all-share bids worth around EUR34 billion ($40 billion) in total seek to create Italy's third-largest banking group by total assets. "The offers are designed to create a newly elevated national cham......

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