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Intesa bids €30.6bn for MPS, aims second-largest bank

6/8/2026

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Summary

Story summary

Intesa Sanpaolo announced an unsolicited €30.6 billion cash-and-share bid for Monte dei Paschi di Siena.
The offer adds a 12.5% premium to MPS’s Friday close and a 3.01% Generali stake.
Intesa agreed with Unipol to sell 635 MPS branches and the brand if the bid succeeds.
Intesa said the combined bank would become the euro-zone’s second-largest after Santander while Banco BPM’s board approved merger-of-equals talks with Monte dei Paschi di Siena.

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Story summary

Intesa Sanpaolo announced an unsolicited €30.6 billion cash-and-share bid for Monte dei Paschi di Siena.
The offer adds a 12.5% premium to MPS’s Friday close and a 3.01% Generali stake.
Intesa agreed with Unipol to sell 635 MPS branches and the brand if the bid succeeds.
Intesa said the combined bank would become the euro-zone’s second-largest after Santander while Banco BPM’s board approved merger-of-equals talks with Monte dei Paschi di Siena.