Banca Monte dei Paschi di Siena, IT0005508921

Banca Monte dei Paschi di Siena stock loses defence vote as Intesa advances

Published on 10/30/2026 at 10:08 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Banca Monte dei Paschi di Siena stock faces a clearer takeover path after investors rejected management's defence plan. Intesa still awaits antitrust review.

Shareholders Clear Intesa's Path

Monte dei Paschi investors rejected the defence plan built around Banco BPM and Banca Generali acquisitions.
Intesa Sanpaolo's offer has received European Central Bank approval but still faces an antitrust decision expected in November.
Management said the process remains open while the offer terms and regulatory review continue.

Banca Monte dei Paschi di Siena, IT0005508921, Illustration mit AI erstellt.

Monte dei Paschi di Siena shareholders rejected CEO Luigi Lovaglio's defence plan on Thursday, October 29, removing the main corporate obstacle to Intesa Sanpaolo's takeover offer. The result was reported by Reuters in a report published through Euronext.

Investors holding about 60 percent of MPS's share capital opposed the plan, while the Del Vecchio and Caltagirone families together control roughly 30 percent, according to Reuters. Lovaglio had sought approval for two all-share offers for Banco BPM and Banca Generali, with a combined value of EUR 34 billion, to counter Intesa's bid.

Intesa Gains Strategic Momentum

The vote clears the way for Intesa's offer, which Reuters described as a EUR 33 billion takeover proposal. The European Central Bank approved Intesa's control bid during the week before the shareholder meeting, but the transaction still faces a critical antitrust decision expected in November.

Shareholders also rejected a proposal for the full merger of Mediobanca into MPS. Lovaglio said the board's counterplan had nevertheless benefited shareholders by prompting Intesa to add EUR 800 million in cash to its offer. He also said that the process was not over while the antitrust review remained outstanding.

Banca Monte dei Paschi di Siena stock traded at EUR 10.82 on Lang & Schwarz at 10:02 CET on Friday, October 30, 2026. The quote provides the latest trading reference after the vote, while the next major valuation event is the regulatory decision on the takeover.

Investors can follow the real-time quote of Banca Monte dei Paschi di Siena stock for further trading updates.