Monte Paschi CEO May Present Bids for Banco BPM, Banca Generali: Report
Banca Monte dei Paschi di Siena SpA CEO Luigi Lovaglio may present a plan to the bank’s board to launch separate offers for Banco BPM SpA and for Banca Generali...
By Flavia Rotondi · Bloomberg
Banca Monte dei Paschi di Siena SpA CEO Luigi Lovaglio may present a plan to the bank’s board to launch separate offers for Banco BPM SpA and for Banca Generali SpA, in a potentially long-shot counter-move to a takeover bid from Intesa Sanpaolo SpA, Il Sole 24 Ore daily reported on Wednesday.