Intesa Sanpaolo and Banco BPM Vie for Control of Monte dei Paschi di Siena
A bidding war has erupted between Intesa Sanpaolo and Banco BPM over the acquisition of Italy's Monte dei Paschi di Siena, with Intesa submitting an unsolicited offer worth €30.6 billion ($35.3 billion). The competition highlights ongoing consolidation in the Italian banking sector.
Topics: banking European banking sector mergers and acquisitions