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BPM moved on MPS as Intesa, BPER also weighing moves, sources say

BPM moved on MPS as Intesa, BPER also weighing moves, sources say

- Banco BPM BAMI.MI has invited Monte dei Paschi di Siena BMPS.MI to talks at a time when also Intesa Sanpaolo ISP.MI and Unipol-backed BPER EMII.MI have been weighing potential moves on the Tuscan bank, four people familiar with the matter said on Sunday.

Intesa, which acquired UBI in 2020 to become Italy's biggest bank faces antitrust limits to further expansion in the country. Two of the sources said Intesa's potential interest would not be for the whole of MPS.

Intesa declined to comment. BPER was not immediately available to comment.


(Reporting by Giuseppe Fonte, Valentina Za and Andrea Mandala; Editing by Angelo Amante)

((valentina.za@thomsonreuters.com; +39 02 6612 9526;))

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