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Monte dei Paschi di Siena's simultaneous offers for Banco BPM and Banca Generali are the latest in a series of moves seeking to transform Italy's once-dormant banking sector.

Italy's Banca ​Monte ‌dei Paschi di ​Siena ​launched on ⁠Friday ​all-share exchange ​offers for rival ​Banco ​BPM and asset ‌manager ⁠Banca Generali worth €25.3 ​billion ($29.6 ​billion) ⁠and €8.7 billion ​respectively.

Banca Monte ​dei Paschi CEO Luigi Lovaglio is working on two ‌potential share-swap offers for Banco BPM and Banca Generali as alternatives to Intesa Sanpaolo's takeover bid for the Tuscan lender, daily Il Sole 24 ​Ore reported on Wednesday citing banking sources.

Banco BPM S.p.A. (BNCZF) Q2 2026 Earnings Call Transcript