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Intesa Sanpaolo Bids €31 Billion for MPS

Italian bank Intesa Sanpaolo has launched a €31 billion bid to acquire rival bank MPS. This move comes amid a period of significant merger activity within the banking sector.

8 Jun, 08:12 — 8 Jun, 08:12
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Showing 1 of 5 sources
ANSAMostly Factual5h ago

Intesa makes €31-bn bid for MPS amid merger ferment

(ANSA) - ROME, JUN 8 - Intesa Sanpaolo announced Monday that it was making a bid of close to €31 billion for Monte dei Paschi di Siena (MPS) to form the eurozone's second-largest bank amid merger ferment in the Italian finance sector. At the weekend another Italian lender, Banco BPM, said it would invite MPS, which acquired merchant bank Mediobanca last year, to discuss a "merger of equals". BPM had recently been the target of a takeover bid by UniCredit, Italy's second-largest bank, although...

By ANSA

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Coverage Timeline

First report: Daily Sabah · 8 Jun, 07:36Full coverage: 5 · 4hWindow: 4h
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Daily Sabah8 Jun, 07:36First to report

Italy's Intesa Sanpaolo bank kicks off $35B bid for rival MPS

ANSA8 Jun, 08:12

Intesa makes €31-bn bid for MPS amid merger ferment

2h later
capital-bg8 Jun, 10:27

Бизнес глобус: Intesa иска да купи Monte dei Paschi di Siena за 30.6 млрд. евро; Blackstone планира да продаде дялове в частни фондове за 2 млрд. долара

naftemporiki8 Jun, 10:44

Τραπεζικός σεισμός στην Ιταλία: Η Intesa προσφέρει 30,6 δισ. ευρώ για τη Monte dei Paschi

1h later
Yahoo8 Jun, 11:55Latest update

Intesa counters Banco BPM’s proposal with Monte dei Paschi bid

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