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MPS CEO to Present Plan Against Intesa Bid

Monte dei Paschi di Siena CEO Luigi Lovaglio is presenting a new strategy to the bank board to counter Intesa Sanpaolo's 36 billion euro takeover bid. The board is meeting to discuss options after talks with Banco BPM previously ended.

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FILE PHOTO: CEO of Banca Monte dei Paschi di Siena , Luigi Lovaglio, looks on as he leaves the Bank of Italy annual assembly in Rome, Italy, May 29, 2026. REUTERS/Yara Nardi/File Photo

BANCA MONTE DEI PASCHI SIENA CEO Luigi Lovaglio will present a standalone defense strategy to the board on Thursday morning to counter a €36B takeover bid from INTESA SANPAOLO. The move comes as Italy's banking sector undergoes a rapid consolidation wave. Board members met during the morning session to weigh options against the €3B cash component offered by Intesa.
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