MPS CEO working on Banco BPM, Banca Generali share-swap bids as Intesa alternative, media reports
19/08/2026 06:22
MPS CEO working on Banco BPM, Banca Generali share-swap bids as Intesa alternative, media reports ROME, Aug 19 (Reuters) - Italy's Banca Monte dei Paschi BMPS.MI CEO Luigi Lovaglio is working on two potential share-swap offers for Banco BPM BAMI.MI and Banca Generali BGN.MI as alternatives to Intesa Sanpaolo's ISP.MI takeover bid, daily Il Sole 24 Ore reported on Wednesday citing banking sources.
MPS's board has yet to be informed about the plan, although directors close to Lovaglio have been alerted to a possible imminent meeting, the newspaper added.
(Writing by Francesca Piscioneri; Editing by Mirko Miorelli and Jacqueline Wong)
((francesca.piscioneri@thomsonreuters.com; 0680307713;))
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