Intesa CEO Braces for Potential Bidding War Over Monte Paschi

Intesa Sanpaolo SpA Chief Executive Officer Carlo Messina signaled he’s prepared to address any counterbids for Banca Monte dei Paschi di Siena SpA, after unveiling an offer that valued the...

By Francine Lacqua, Sonia Sirletti · Bloomberg Markets

Intesa Sanpaolo SpA Chief Executive Officer Carlo Messina signaled he’s prepared to address any counterbids for Banca Monte dei Paschi di Siena SpA, after unveiling an offer that valued the world’s oldest bank at more than €30 billion ($35 billion).