Monte dei Paschi to acquire Banco BPM and Banca Generali
Acquiring Company
Monte dei Paschi di Siena
Acquired Company
Banco BPM
TuscanyMilanFinancial ServicesFinanceLendingBankingDescription
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.
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M&A Insights
Based on deal dataFrequently asked
Who acquired Banco BPM?
Banco BPM was acquired by Monte dei Paschi di Siena, based in Tuscany. 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 privately held 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, and is based in Milan.
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