MPS: assessments of Intesa’s public exchange offer and Banco BPM’s proposal continue

The Board of Directors of Monte dei Paschi has reviewed developments following the public takeover bid launched by Intesa Sanpaolo and the merger proposal put forward by Banco Bpm. A statement on the outcome of the board meeting regarding the spin-off of assets linked to the merger with Mediobanca reads: ‘With the support of the advisers, work is continuing on the analysis and preliminary assessment of the proposed merger with Banco Bpm and the Public Purchase and Exchange Offer notified by Intesa Sanpaolo’ exactly two weeks ago. A statement from Chief Executive Luigi Lovaglio is expected tomorrow morning.

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