Banca Generali S.p.A. BGN

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.

CEO Luigi Lovaglio's plan aims to bolster MPS and fend off Intesa Sanpaolo's 30.5-billion-euro Opas. Approved with nine votes in favour and four abstentions.View on euronews

Investing.com -- Monte dei Paschi di Siena is preparing twin all-share takeover bids for Banco Bpm SpA (BIT:BAMI) and Banca Generali (BIT:BGN) as it seeks to block an unsolicited acquisition attempt by Intesa Sanpaolo, according to a report from the Financial Times. A majority of the board at the Tuscan lender has backed the plan, which aims to forge an enlarged financial group boasting a combined market capitalization of approximately €70 billion. Under the proposed structure, MPS would launch

Banca Generali (WBO:BGN) achieves its highest-ever net profit and total assets, while increasing its net inflows target amid strong financial performance.

Investing.com -- Banca Generali SpA reported net profit of €279m for the first half of 2026, up 39% YoY, driven by operating normalization and supportive financial markets, though shares fell 1.4% following the results.

Conio said the approval concludes a process designed to make its services available to a “broad and diverse audience”.

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Banca Generali (BGNMF) reports robust financial results, strategic acquisitions, and promising recruitment, despite facing increased operating costs and market challenges.

Terzariol will oversee Generali’s insurance operations and Banca Generali, working in coordination with the group CEO.