The World's Oldest Bank May Repel the Approach of Intesa Sanpaolo
5 Articles
5 Articles
The plan of Intesa Sanpaolo - which dismembers Mps and incorporates Mediobanca - leads to dimensional growth at the expense of competition: it is not desirable for the Italian economy, consumers and small and medium-sized enterprises. The counter plan of Lovaglio - which combines Siena with Bpm and Banca Generali - instead raises many doubts of feasibility. It will be the market to judge: politics can have its opinions but it seems unlikely that…
MPS weighing Banco BPM, Banca Generali swaps to fend off Intesa bid
The board of Italy's third-largest and the world's oldest bank, Monte dei Paschi di Siena (MPS), was on Thursday weighing CEO Luigi Lovaglio's proposals for two potential defensive share swaps to fend off a 30. (ANSA)
Monte dei Paschi counterattack, Lovaglio takes Siena's moves to the top. But without the consent of Crédit Agricole and Leone the road is uphill
According to Il Sole 24 Ore, Monte dei Paschi di Siena (MPS) CEO Luigi Lovaglio is working on two share exchange offers for Banco BPM and Banca Generali to fend off a takeover attempt by Intesa Sanpaolo, Reuters reports.
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