Intesa Sanpaolo

Intesa Sanpaolo has increased its takeover offer for Banca Monte dei Paschi di Siena to a total value of €31.4 billion by raising the cash component by €0.25 per share to a total of €3.8 billion. The holding company Delfin has committed to tender its 17.6 percent stake as part of the offer. Intesa threatened to withdraw if Monte dei Paschi supported competing takeovers; shares of both banks responded with modest gains. » More on finanzen.net

The Italian competition authority has opened a review of Intesa Sanpaolo’s €31 billion takeover offer for Banca Monte dei Paschi di Siena. It is investigating possible effects on competition in the banking and insurance markets. Intesa submitted the offer in June in cash and stock, Monte dei Paschi is reviewing options to preserve its independence; both shares saw small gains. » More on finanzen.net

The Italian competition authority is examining Intesa Sanpaolo's €31 billion takeover offer for Banca Monte dei Paschi di Siena for possible effects on the banking and insurance market. Intesa had tabled the offer in June in cash and shares; Monte dei Paschi reviewed options in August to preserve its independence. A statement from the banks involved has not yet been released. » More on finanzen.net