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MPS Shareholders Reject CEO Defense Plan

Monte dei Paschi di Siena shareholders rejected the chief executive officer defense plan against a takeover offer by Intesa Sanpaolo. The decision clears the path for the multibillion euro acquisition of the historic bank.

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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. REUTERS/Yara Nardi

BANCA MONTE DEI PASCHI SIENA shareholders rejected CEO Luigi Lovaglio's €34 billion defense plan on Thursday morning, clearing the path for a €33 billion takeover by INTESA SANPAOLO.