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Story summary
- Monte dei Paschi launched €34 billion takeover bids for Banco BPM and Banca Generali.
- It offered 1.567 new shares per Banco BPM share, valuing Banco BPM at €25.3 billion.
- It offered 6.958 new shares per Banca Generali share, valuing it at €8.7 billion.
- The pro-forma balance sheet would total about €466 billion with over €810 billion in assets.
- Shareholders will vote on the bids on October 29, 2026, with Monte shareholders expected to own ~50.1% if approved.
