Italy takes step towards possible bank M&A

Italy’s Paschi Stake Sale Is Step in Plan to Spur Bank M&A
Italian Prime Minister Giorgia Meloni moved forward with her plan to use the privatization of Banca Monte dei Paschi di Siena SpA to promote domestic banking consolidation as the latest share sale saw several national firms buy major stakes.
New Italy Banking Force Begins to Emerge From Monte Paschi Deal
A possible new force in Italian banking has begun to take shape, after regional lender Banco BPM SpA took a major stake in rival Banca Monte dei Paschi di Siena SpA.
Italy takes step towards possible bank M&A with Monte Paschi stake sale
Italy has begun to pave the way for a third big banking group in the country by selling a chunk of state-owned Monte dei Paschi di Siena (MPS) to rival Banco BPM and the fund manager partner of both lenders.
Italy sells 15% stake in Monte dei Paschi stake for $1.16bn
Banco BPM, a major Italian bank, has acquired a 5% stake in MPS, aligning with its strategy while maintaining a standalone approach.
Banco BPM Is Likely a Buyer in Italy’s Newest Paschi Stake Sale
Italy is selling a 7% stake in Monte dei Paschi di Siena SpA, the latest step in an exhaustive restructuring drive that dates back to 2017.
Italy brings on board Banco BPM in $1.2 billion Monte dei Paschi stake sale
Italy on Wednesday raised 1.1 billion euros ($1.16 billion) by selling 15% of bailed-out bank Monte dei Paschi di Siena , bringing on board rival Banco BPM as a shareholder in the Tuscan lender.
Banco BPM Buys 5% of Monte Paschi as Italy Cuts Stake
Italy’s government said Wednesday that it sold a stake of 15% in Banca Monte dei Paschi di Siena SpA via a placement for about €1.1 billion.
Italy Readies Market Sale of Monte Dei Paschi Stake as Longer-Term Plan Elusive, Sources Say
General view of a branch of Monte dei Paschi di Siena (MPS), the oldest bank in the world, which is facing massive layoffs as part of a planned business merger, in Siena, Italy, August 11 2021. REUTERS / Jennifer Lorenzini/File Photo
Italy's Monte dei Paschi hikes 2024 profit goal after strong quarter
Italian state-controlled bank Monte dei Paschi di Siena on Friday hiked its profit goal for the year after reporting a larger than expected 31% yearly rise in third quarter income.
Banca Monte dei Paschi di Siena shares jump after Italy cuts stake in lender
Investing.com - Shares in Banca Monte dei Paschi di Siena (BIT: BMPS) surged after Italy sold 15% of its stake in the bailed-out lender, raising 1.1 billion euros ($1.16 billion).
Banco BPM, Anima Buy Into Banca Monte Dei Paschi as Italian State Cuts Stake
The Italian government cut its shareholding in Banca Monte dei Paschi di Siena by 15% allowing peers Banco BPM and Anima Holding to buy a stake in the world’s oldest bank.
5 things about the world's oldest bank that Italy sold it's stake in
Following an overpriced €9 billion acquisition in 2007, the Banca Monte dei Paschi di Siena went through a period of ...
How Italy Swayed Its Tycoons to Pile Into Master Plan for Paschi
A little over a week ago, Italian Finance Minister Giancarlo Giorgetti approached some of the country’s wealthiest investors ...