BUSINESSAug 21 · 08:43 UTCBLOOMBERG

What's Next Following Monte dei Paschi's High-Stakes Move?

Banca Monte dei Paschi launched a defensive maneuver by seeking to buy two banks for a combined price of €34 billion ($40 billion) to ward off a potential takeover by Intesa Sanpaolo. The Italian lender announced an all-share bid for Banco BPM, valuing it at €25.3 billion, and another for Banca Generali valued at €8.7 billion.

Nexus surfaces and summarizes. The full story lives at the source.

Mentioned

Banca Monte dei PaschiorganizationIntesa SanpaoloorganizationBanco BPMorganizationBanca GeneraliorganizationTommaso EbhardtpersonMilanplaceBloombergorganization

Spot something wrong with this article?Report a problem →

Forward this

Related Signal

Adjacent reporting

BUSINESSAug 21 · 05:53 UTC
Monte Paschi Bids €34 Billion for BPM, Banca Generali
BUSINESSAug 21 · 07:17 UTC
Monte dei Paschi launches twin takeover bids for Banca Generali and Banco BPM
BUSINESSJun 8 · 05:07 UTC
Intesa gatecrashes rival’s bid for Monte dei Paschi with €30.6bn offer
BUSINESSAug 21 · 05:29 UTC
Monte Paschi Offers to Buy BPM, Banca Generali for €34 Billion
BUSINESSJul 27 · 16:30 UTC
Paschi, Banco BPM Advisers Working on Deal With Cash Component