Intesa launches €30.6B bid to take Monte dei Paschi, sparking BPM merger duel
Intesa Sanpaolo unveiled a €30.6 billion unsolicited bid to acquire Monte dei Paschi di Siena, aiming to outpace Banco BPM and potentially create Europe’s second-largest bank by market capitalization, while BPM signaled interest in a merger of equals amid Italy’s ongoing banking consolidation.
