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Monte dei Paschi to acquire Banco BPM and Banca Generali

PUBLIC · BMDPFAug 23, 2026

Acquiring Company

Monte dei Paschi di Siena

Acquired Company

Banco BPM

ItalyMilanFinancial ServicesFinanceLendingBankingFinancial ServicesFinanceLendingBanking

Description

Monte dei Paschi di Siena has initiated all-share offers to acquire Banco BPM and Banca Generali, valued at approximately €34 billion. This move seeks to create Italy's third-largest banking group in response to a competing offer from Intesa Sanpaolo. The acquisition targets completion by mid-February 2027, pending shareholder approval.

Quick answer

Monte dei Paschi di Siena is acquiring Banco BPM, announced August 23, 2026. Monte dei Paschi di Siena is based in Italy.

How much did Monte dei Paschi di Siena pay for Banco BPM?
The deal value was not disclosed.
What does Monte dei Paschi di Siena do?
Monte dei Paschi di Siena is the world’s oldest bank, established in 1472.
Where are Monte dei Paschi di Siena and Banco BPM based?
Monte dei Paschi di Siena is based in Italy. Banco BPM is based in Milan, Lombardy, Italy.
Who are the decision-makers at Monte dei Paschi di Siena?
Fundz holds 3 contacts at Monte dei Paschi di Siena. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Monte dei Paschi di Siena

Location

Italy

About

Monte dei Paschi di Siena is the world’s oldest bank, established in 1472. It has faced numerous financial challenges, leading to multiple state bailouts. Recently, it has made a remarkable turnaround, surprising the market with its acquisition strategies. The bank focuses on providing a variety of financial services and solutions.

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Related People

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Michele
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Frequently asked

Who acquired Banco BPM?

Banco BPM was acquired by Monte dei Paschi di Siena, based in Italy. The deal was reported on August 23, 2026. Monte dei Paschi di Siena is the world’s oldest bank, established in 1472. It has faced numerous financial challenges, leading to multiple state bailouts. Monte dei Paschi di Siena is publicly traded (BMDPF) and operates in Financial Services.

When did Monte dei Paschi di Siena acquire Banco BPM?

Monte dei Paschi di Siena's acquisition of Banco BPM was reported on August 23, 2026. Monte dei Paschi di Siena has initiated all-share offers to acquire Banco BPM and Banca Generali, valued at approximately €34 billion. This move seeks to create Italy's third-largest banking group in response to a competing offer from Intesa Sanpaolo. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Banco BPM do?

The Banco BPM Group is the result of the merger between two major banks: Banco Popolare and Banca Popolare di Milano. It is privately held, operating in Financial Services, and is based in Milan.

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