Key facts
- Banca Monte dei Paschi di Siena and Banco BPM are exploring a potential merger.
- The deal structure would combine cash and shares.
- The merger aims to reflect the current valuations of both banks.
- This exploration is an alternative to Intesa Sanpaolo's offer for Monte Paschi.
Advisers for Italian banks Banca Monte dei Paschi di Siena and Banco BPM are reportedly exploring a merger that would combine cash and shares. This potential deal is being considered as an alternative to an offer made by Intesa Sanpaolo for Monte Paschi.
The structure of the proposed merger would aim to ensure that shareholders retain ownership broadly reflecting the current valuations of both Monte dei Paschi and Banco BPM, according to people familiar with the matter cited by Bloomberg News.
Both Banca Monte dei Paschi di Siena and Banco BPM declined to comment on the report. Reuters could not immediately verify the information.