Intesa Sanpaolo Bids €30.6bn for Monte dei Paschi in Rival Offer
Intesa’s cash-and-share proposal aims to create the eurozone’s second-largest bank by market value, surpassing Banco BPM’s merger plan. Intesa Sanpaolo has proposed a €30.6bn ($35bn) cash-and-share offer for Monte dei Paschi di Siena, countering Banco BPM’s merger proposal