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Monte dei Paschi board approves dual exchange offers for Banco Bpm and Banca Generali

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Monte dei Paschi board approves dual exchange offers for Banco Bpm and Banca Generali
Euronews
Euronews1 hrs ago
Monte dei Paschi board approves dual exchange offers for Banco Bpm and Banca Generali
CEO Luigi Lovaglio's plan aims to bolster MPS and fend off Intesa Sanpaolo's 30.5-billion-euro Opas. Approved with nine votes in favour and four abstentions.
Monte dei Paschi readies twin takeover bids for Banca Generali and Banco BPM
Plan would create an Italian banking group with a combined market valuation of about €70bn
ANSA English
ANSA English🏁 first to report4 hrs ago
MPS OKs Banco BPM, Banca Generali swaps to fend off Intesa bid
The board of Italy's third-largest and the world's oldest bank, Monte dei Paschi di Siena (MPS), on Thursday approved CEO Luigi Lovaglio's proposals for two defensive share swaps to fend off a 30.6 billion unsolicited takeover bid by Italy's biggest bank Intesa Sanpaolo, financial sources said. The swaps would be with