Banco BPM won't attend Monte Paschi shareholders' meeting on Wednesday

Banco BPM SpA

27/10/2026 10:58

ROME, Oct 27 (Reuters) - Banco BPM BAMI.MI will not take part in Banca Monte dei Paschi's BMPS.MI shareholder meeting on Wednesday, a spokesperson for the Milan-based lender said on Tuesday after a board meeting.
The board "acknowledged the legal constraints arising from its position as a shareholder in MPS and the related conflict of interest, and therefore deemed it appropriate not to participate," the spokesperson said. 
Banco BPM holds a 3.7% stake in MPS, but it is also the target of one of the two takeover proposals that are due to be voted on by MPS shareholders.   


 (Reporting by Andrea Mandalà, writing by Alvise Armellini, editing by Gianluca Semeraro)
 ((alvise.armellini@thomsonreuters.com;))