Intesa Sanpaolo Bids €30.6 Billion for Monte Paschi, Challenging Banco BPM Offer
Monday, June 8, 2026
Intesa Sanpaolo has offered to buy Banca Monte dei Paschi di Siena in a deal valuing the Tuscan lender at €30.6 billion, according to Bloomberg. The offer comes just one day after Banco BPM proposed a separate merger with Monte Paschi, sharpening the competition to reshape Italy’s banking sector.
Under Intesa’s proposal, the Milan-based bank would offer 1.6 of its own shares plus €1 in cash for each Monte Paschi share, Bloomberg reported. The move marks a major escalation in the consolidation wave that has been building across Italian banking, with lenders racing to gain scale, improve profitability and strengthen their market positions.