Brief: MPS is natural partner for 'friendly' deals with Banco BPM, Banca Generali, CEO says

Banca Generali SpA

21/08/2026 08:53

Aug 21 (Reuters) - Monte dei Paschi BAMI.MI CEO Luigi Lovaglio tells analyst call:
MPS CEO: BANCO BPM OFFER IS CONSISTENT WITH STRATEGIC RATIONALE ALREADY OUTLINED BY ITS BOARD TO MONTE PASCHI,  PROVIDES AN ALTERNATIVE TECHNICAL ROUTE TO ACHIEVE THE SAME GOALS
MPS CEO: DEAL WOULD ALLOW BANCO BPM KEY SHAREHOLDERS TO PARTICIPATE TO A STRONGER GROUP WHILE EXPANDING COOPERATION IN AREAS OF MUTUAL INTEREST
MPS CEO: MONTE PASCHI IS THE NATURAL PARTNER FOR A FRIENDLY AGGREGATION
MPS CEO: COMBINED GROUP WOULD HAVE A PRO FORMA MARKET VALUE OF ABOUT EUR 80 BILLION, RANKING AMONG EUROPE'S TOP 10 BANKS
MPS CEO: SUPERVISORY APPROVALS EXPECTED IN NOVEMBER, WITH OFFER PERIODS SEEN STARTING IN DECEMBER
MPS CEO: CONFIDENT PROJECT'S MERITS WILL SUPPORT A FRIENDLY TRANSACTION; WE HAVE HAD NO CONTACT WITH SHAREHOLDERS
MPS CEO: BRANCH OVERLAP  IS LIMITED AND SHOULD BE EASILY MANAGED
MPS CEO: TWO DEALS ARE NOT CONDITIONAL ON EACH OTHER AND CAN SUCCEED INDEPENDENTLY, THOUGH WE BELIEVE BOTH WILL BE SUCCESSFUL
Source text: [ID:]
Further company coverage: BAMI.MI

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