Banca Generali
Coverage of Banca Generali in the Nexus archive.
- Monte dei Paschi launches twin takeover bids for Banca Generali and Banco BPM
Monte dei Paschi is launching twin takeover bids for Banca Generali and Banco BPM. This planned acquisition would establish a large Italian banking entity, estimated to be valued at approximately €70 billion.
- Monte Paschi Bids €34 Billion for BPM, Banca Generali
Banca Monte dei Paschi is initiating a bid to acquire two separate banks, Banco BPM and Banca Generali, for a combined value of €34 billion ($40 billion). This move was made as an effort to prevent the lender from being bought by rival Intesa Sanpaolo. The all-share bids set values of €25.3 billion for Banco BPM and €8.7 billion for Banca Generali.
- Monte Paschi Offers to Buy BPM, Banca Generali for €34 Billion
Banca Monte dei Paschi di Siena SpA is seeking to buy two separate banks, BPM and Banca Generali, for a combined value of €34 billion ($40 billion). This move is intended to prevent the institution from being acquired by rival Intesa Sanpaolo SpA.