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European Central Bank OKs Intesa Sanpaolo's Proposed Takeover of Banca Monte dei Paschi di Siena

MT Newswires·10/28/2026 00:57:30
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12:57 AM EDT, 10/28/2026 (MT Newswires) -- Intesa Sanpaolo (ISP.MI) received the European Central Bank's approval to acquire a controlling stake in Banca Monte dei Paschi di Siena (BMPS.MI) through a proposed tender and exchange offer. The approval also covers indirect control of several subsidiaries, including Mediobanca Banca di Credito Finanziario (MB.MI), Mediobanca Premier and Compass Banca. Separately, the Bank of Italy authorized the Italian lender to acquire indirect controlling and qualifying stakes in several other businesses, including asset management companies within the Generali Group (G.MI).