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MPS CEO Urges Support for Defence Plan

Monte dei Paschi Chief Executive Luigi Lovaglio urged investors to support the bank defence strategy against Intesa Sanpaolo even if they intend to tender their shares. The move aims to extract a higher price amid ongoing takeover talks.

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

BANCA MONTE DEI PASCHI SIENA Chief Executive Luigi Lovaglio urged investors on Tuesday afternoon to back a €38B defence plan against an acquisition bid. The strategy runs alongside an existing €36B takeover offer from INTESA SANPAOLO in Italy. Shareholders face a pivotal October 29 vote on management moves designed to thwart the buyout.
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