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Barcha huquqlar himoyalangan.
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Italy's Monte dei Paschi di Siena said on Thursday it has received approval from the European Central Bank to merge recently acquired peer Mediobanca into the group.
Italy's Generali said on Thursday Monte dei Paschi di Siena's offer for wealth manager Banca Generali offered "growth opportunities", the first sign of openness to the MPS plan among the parties involved.
Italian Economy Minister Giancarlo Giorgetti told regional politicians on Tuesday the Treasury will not sell its 4.8% stake in Monte dei Paschi di Siena (MPS) before an ongoing tussle for control of the Tuscan lender is concluded.
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.
Banca Monte dei Paschi di Siena S.p.A. (BMPSY) Discusses Strategic Merger to Create Leading Italian Banking and Wealth Management Group Transcript
Banca Monte dei Paschi di Siena said it is launching all-share bids for Italian peers Banco BPM and Banca Generali with a total value of $39.73 billion.
Monte dei Paschi di Siena's CEO Luigi Lovaglio will present a strategy to the Italian bank's board on Thursday to counter bigger rival Intesa Sanpaolo's €36 billion takeover bid, three people close to the matter said.
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