Intesa Sanpaolo approves capital increase for Monte dei Paschi takeover bid
The board approves the capital increase needed to finance the public offer for purchase and exchange of shares in Banca Monte dei Paschi di Siena.
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Italian banking and financial services group
intesasanpaolo.com- Headquarters
- Turin, Italy
- Company type
- Public company
- Number of employees
- 56,000+
- Industry
- Banks
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Latest news about Intesa Sanpaolo
In short: Intesa Sanpaolo advanced its €35 billion Monte dei Paschi bid, criticized tax hikes, and pursued risk-transfer deals.
Company announcements
Intesa Sanpaolo sells a business unit to BPER Banca
The agreement defines the sale of 486 branches and 5,107 employees acquired from UBI Bank, completing the Integrative process with BPER.
Intesa Sanpaolo concludes the €2.3 billion buyback
The group purchased over 350 million shares, representing approximately 2% of its capital, spending a total of nearly €2.3 billion.
Intesa Sanpaolo publishes amended articles of association for capital increase
The amendment concerns the delegation to the Board of Directors for a capital increase to support the public offer for acquisition on Banca Monte dei Paschi di Siena.
Media coverage
Intesa: Opas Mps continues, ready for mandatory Opa on Mediobanca (RCO)
In light of the results of the Siena assembly (Il Sole 24 Ore Radiocor) - Milan, Oct 30 - Intesa Sanpaolo announces that 'the offer is ongoing...
World s oldest bank fights for its future as Italian rival nears takeover
Monte dei Paschi di Siena looked set to lose its independence after more than 550 years, with its...
Monte dei Paschi investors reject CEO's plan to fend off Intesa's €35bn takeover
Under Intesa's plan, MPS would be broken up, with more than half of its branches transferred to insurer Unipol. Intesa would retain Mediobanca, the bank...
Intesa Sanpaolo: after the ECB's green light, the next hurdle is the Antitrust Authority. Messina: "No intention to interfere with Generali's management" - FIRSTonline
In parallel, authorization from Bankitalia has also been received. Results of the Antitrust investigation are expected in the coming days, but Intesa has already put countermeasures on the table regarding...
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