MPS Shareholders Reject Acquisition Offers for Banco BPM and Banca Generali
Shareholders of Banca Monte dei Paschi di Siena voted down proposals to launch acquisition offers for Banco BPM and Banca Generali.
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The European Central Bank has authorized Intesa Sanpaolo to acquire a controlling stake in Banca Monte dei Paschi di Siena, marking a significant step in the proposed 31.4 billion euro takeover.
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Shareholders of Banca Monte dei Paschi di Siena voted down proposals to launch acquisition offers for Banco BPM and Banca Generali.
During the October 29, 2026, shareholder meeting, Banca Monte dei Paschi di Siena shareholders voted against the proposed merger by incorporation of Mediobanca.
Banco BPM is reportedly planning to abstain from the upcoming Monte dei Paschi di Siena shareholder meeting, where a vote on a defensive strategy against Intesa Sanpaolo's takeover bid will take place.