Intesa bids €30.6bn for Monte dei Paschi, targeting Europe’s #2 bank
Intesa Sanpaolo launched a €30.6 billion unsolicited cash‑and‑share offer for Italy’s 550‑year‑old Monte dei Paschi di Siena, creating a merger that would make Italy’s largest bank the second‑largest lender in the euro zone. The deal, if approved, would reshape Italian banking competition and tighten the gap with Spain’s Santander.