Banca Generali S.p.A. BGN
MIL · Italy · Finance
€63.80-0.45 (-0.70%)
Market open· · EUR · Data may be delayed
Prices may be delayed and are for informational purposes only - not investment advice.
Market open· · EUR · Data may be delayed
Prices may be delayed and are for informational purposes only - not investment advice.
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The world’s oldest bank is trying to fend off Intesa by launching a €34 billion all-share bid for Banco BPM and Banca Generali.
The offer for Banco BPM values the lender at €25.3bn, while the bid for Banca Generali values it at €8.7bn.
Monte dei Paschi clears €34 billion twin bid for Banco BPM and Banca Generali to fend off Intesa Sanpaolo, creating a stronger, bigger €80 billion Italian bank.View on euronews
The all-share bids for Banco BPM and Banca Generali comes as Monte dei Paschi fights off a takeover offer from Intesa Sanpaolo.
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