Banca Monte dei Paschi is seeking to buy two separate banks for a combined price of €34 billion ($40 billion) in a defensive move designed to ward off a takeover by rival Intesa Sanpaolo. The Italian lender said it’s launching an all-share bid for Ba...
Banca Monte dei Paschi is seeking to buy two separate banks for a combined price of €34 billion ($40 billion) in a defensive move designed to ward off a takeover by rival Intesa Sanpaolo. The Italian lender said it’s launching an all-share bid for Banco BPM valuing it at €25.3 billion and another one for Banca Generali valuing it at €8.7 billion, based on the market close two days ago, according to a statement Friday. Bloomberg's Tommaso Ebhardt reports from Milan. (Source: Bloomberg)
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Bloomberg — Markets (EN)