Brief: Monte Dei Paschi Deems Intesa Sanpaolo Bid Lower Than Average Level Offers In Italian Banking Sector

Mediobanca Banca Di Credito Finanziario SpA

16/07/2026 17:05

July 16 (Reuters) - Banca Monte dei Paschi di Siena BMPS.MI:
DEEMS INTESA SANPAOLO BID ALOWER THAN AVERAGE LEVEL OFFERS IN ITALIAN BANKING SECTOR
EQUAL TO ABOUT 30% COMPARED WITH OFFICIAL PRICE OF DAY PRIOR TO ANNOUNCEMENT, APPROXIMATELY 41% COMPARED WITH ONE- MONTH VOLUME-WEIGHTED AVERAGE PRICE
ANNOUNCED SYNERGIES APPEAR HIGH RELATIVE TO ECONOMIC SCALE OF BMPS PERIMETER INCLUDED IN COMBINATION WITH INTESA SANPAOLO
UNCERTAINTIES ALSO REMAIN REGARDING ASSESSMENTS THAT ANTITRUST AUTHORITIES MAY CARRY OUT WITH REFERENCE TO ACQUISITION BY INTESA SANPAOLO OF STAKE HELD BY BMPS THROUGH MEDIOBANCA IN GENERALI
BOD WILL CONTINUE TO ASSESS OFFER PROMOTED BY INTESA SANPAOLO THOROUGHLY, IN COMPLIANCE WITH ITS FIDUCIARY DUTIES AND IN INTEREST OF ALL BMPS STAKEHOLDERS
BOD WILL CONTINUE TO FOCUS ON BANK’S GROWTH PLAN, EXECUTION OF INTEGRATION WITH MEDIOBANCA AND ASSESSMENT OF AVAILABLE STRATEGIC OPTIONS, INCLUDING  COMBINATION PROPOSAL WITH BANCO BPM
Further company coverage: BMPS.MI

 (Reporting by Gdansk Newsroom)
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