Tag: $Banco BPM

 Italy’s Monte dei Paschi di Siena launched separate all-share bids totalling about €34 billion ($40 billion) ‌for Banco BPM and Banca Generali on Friday, in an attempt to repel a hostile takeover by Intesa Sanpaolo.

UniCredit offered to buy the second largest Italian bank Banco BPM for €10bn in late November last year. The acquisition was a counter offer by UniCredit after BPM’s bid to buy Anima for €1bn – to boost its asset management fee income amid falling interest rates.