Banca Monte dei Paschi di Siena, IT0005508921

Banca Monte dei Paschi di Siena stock: Vote clears Intesa path

Published on 11/02/2026 at 15:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Banca Monte dei Paschi di Siena stock faces a clearer takeover route after shareholders rejected management's defence plan. Intesa remains central to the next stage.

What the shareholder vote changes

Shareholders rejected management's proposed acquisitions of Banco BPM and Banca Generali.
The vote leaves Intesa Sanpaolo's takeover bid as the central strategic issue for MPS investors.
The proposed Mediobanca merger also failed to win shareholder approval.

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

Shareholders of Banca Monte dei Paschi di Siena rejected CEO Luigi Lovaglio's defence proposals against Intesa Sanpaolo's takeover bid at a meeting on Thursday, October 29, 2026. Banca Monte dei Paschi di Siena stock traded at 10.92 euros on Lang & Schwarz at 15:00 CET on Monday, November 2, 2026.

The result removes the central elements of management's plan to counter Intesa's proposed 33-billion-euro takeover through acquisitions of Banco BPM and wealth manager Banca Generali. The vote also changes the balance between MPS's standalone expansion strategy and Intesa's offer.

Shareholders reject defence strategy

According to ANSA, more than 91 percent of the capital represented at the meeting voted against the Banco BPM transaction. The proposal received 6.47 percent support, while 2.41 percent abstained.

The Banca Generali proposal was rejected by 90.9 percent of the represented capital, with 6.66 percent in favour and 2.41 percent abstaining. Shareholders also voted against the proposed merger with Mediobanca: 63.65 percent opposed it, 32.91 percent supported it and 3.42 percent abstained.

Takeover path gains importance

For investors, the failed transactions reduce management's ability to build an independent banking group around MPS, Banco BPM and Banca Generali. Intesa's offer therefore becomes the dominant strategic issue, although the shareholder vote itself does not complete a takeover.

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

Italian bank shares remain linked to the wider FTSE MIB market.

More news and analyses on Banca Monte dei Paschi di Siena stock remain available.