Intesa Sanpaolo stock enters MPS offer timetable after approval
Published on 11/10/2026 at 17:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSOffer timetable enters shareholder phase
- CONSOB approval moved Intesa Sanpaolo's MPS offer into the shareholder acceptance phase.
- Shareholders can tender from November 24, 2026, through January 22, 2027, unless the period is extended.
- Settlement is scheduled for January 29, 2027, subject to the offer conditions and completion.
CONSOB approval has moved Intesa Sanpaolo's voluntary tender and exchange offer for Banca Monte dei Paschi di Siena into the shareholder acceptance phase. Intesa Sanpaolo said the decision was announced on Sunday, November 8, and its Investor Relations release sets out the next dates.
Intesa Sanpaolo stock traded at 6.39 euros on Lang & Schwarz at 17:37 CET on Tuesday, November 10, 0.62 percent below the Xetra close of Tuesday, November 10. Compared with the 6.48-euro quote cited in the previous report at 11:36 CET on the same day, the later quote was 1.39 percent lower.
Acceptance window starts November 24
The acceptance period is scheduled to open at 8:30 a.m. Italian time on Tuesday, November 24, and close at 5:30 p.m. on Friday, January 22, 2027. The dates include both opening and closing days but may change if the offer period is extended.
The consideration comprises 1.25 euros in cash and 1.664 newly issued Intesa Sanpaolo shares for each MPS share tendered. The revised exchange ratio reflects the effect of Intesa Sanpaolo's 2026 interim dividend. The new shares are intended for listing on Euronext Milan.
Settlement remains conditional
If the offer conditions are met or waived and the transaction is completed, settlement is scheduled for Friday, January 29, 2027. A voluntary reopening could run from February 1 through February 5, with payment for shares tendered during that window scheduled for February 12.
The timetable gives MPS shareholders a defined sequence for assessing the cash component, share exchange ratio and offer conditions. The approval does not complete the transaction; shareholder participation and the remaining procedures remain decisive.
Intesa Sanpaolo at a glance
- Company: Intesa Sanpaolo S.p.A.
- ISIN: IT0000072618
- Xetra ticker: IES.DE
- Lang & Schwarz quote: 6.39 euros at 17:37 CET on November 10, 2026
- Xetra close: 6.43 euros on November 10, 2026
- Offer consideration: 1.25 euros in cash and 1.664 new Intesa Sanpaolo shares per MPS share
Italian equities remain in the FTSE MIB market environment.
