Norges to oppose Monte dei Paschi bids
Norway's sovereign wealth fund will vote against Monte dei Paschi's proposed acquisitions of Banco BPM and Banca Generali. Norges Bank Investment Management stated the deals do not maximize shareholder returns.
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Norway's sovereign wealth fund manager will vote against BANCA MONTE DEI PASCHI SIENA's proposed acquisitions of BANCO BPM SPA and BANCA GENERALI SPA over shareholder value concerns. The fund manager held a 2.98% stake in MPS at the end of December 2025. The opposition complicates the Italian bank's defensive maneuvers against a takeover offer.
