Milan, Italy, Oct 29, 2026 (AFP) - Monte dei Paschi shareholders vote to open way to Intesa takeover

NAMPA / AFP

2026-10-29

Shareholders of Italian bank Monte dei Paschi di Siena on Thursday rejected management's efforts to fend off an offer from Intesa Sanpaolo, opening the way to a takeover that will create a major European banking group. MPS's CEO Luigi Lovaglio had attempted a counter-offensive by making offers for Banco BPM and Banca Generali, but shareholders overwhelmingly voted down his plan. In October, Turin-based Intesa raised its offer to 31 billion euros......

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