Intesa Sanpaolo's Monte dei Paschi acquisition proposal put to shareholder vote on September 21.

According to Мінфін — Крипто/Фінанси: This potential acquisition would create Italy's largest banking group, further consolidating the country's financial sector.

Intesa Sanpaolo's Bid for Monte dei Paschi di Siena

Intesa Sanpaolo has announced its intention to acquire Monte dei Paschi di Siena, a move that would significantly reshape the shareholding structure of Italy's biggest banking group. A shareholder meeting is scheduled for September 21 to discuss and vote on the deal's terms.

To finance the acquisition, Intesa plans to issue up to 5.7 billion new shares. The total deal is valued at €30.6 billion, approximately $35 billion. At the time of the announcement, Monte dei Paschi di Siena had a market capitalization of around €27.4 billion. Intesa estimates the combined bank's capitalization at €126 billion, with a target net profit of €16 billion by 2029.

Key Shareholders and Their Stakes

The following stakeholders play significant roles in Intesa's ownership structure:

• BlackRock will remain the largest shareholder with a 5.4% stake.
• If the deal goes through, Delfin could acquire up to 4.1% of Intesa's capital.
• Italy's Ministry of Economy will hold 1% of the capital.

In the event of full acceptance of the offer, the new shares would represent approximately 21.6% of Intesa's total capital.

This transaction marks a pivotal moment for the Italian banking system, with the potential to alter market positions and financial performance of the newly formed banking entity.

The acquisition of Monte dei Paschi di Siena by Intesa Sanpaolo could significantly boost competitiveness in Italy's banking sector by strengthening market standing and increasing capital. A successful completion would also send a strong signal to investors and financial institutions, underscoring the stability and growing strength of the nation's largest banking group. Looking ahead, the outcomes of this merger could serve as a benchmark for other European banks contemplating consolidation in response to shifting market conditions.