
Monte dei Paschi di Siena has called an extraordinary board of directors for Monday afternoon to evaluate the new scenario created by the retouching of Intesa Sanpaolo's takeover bid and the opposition of a block of shareholders exceeding one third of the capital, which rejects Luigi Lovaglio's alternative plan based on the double takeover bid on Banco Bpm and Banca Generali and on the extraordinary dividend of 4 billion.
AI-generated summary
Monte dei Paschi di Siena is facing a critical phase after the attempted takeover bid by Intesa Sanpaolo and the presentation of an alternative relaunch plan by CEO Luigi Lovaglio, which envisages a double public exchange offer on Banco Bpm and Banca Generali accompanied by an extraordinary dividend of 4 billion.
An extraordinary MPS board meeting has been called for Monday afternoon. This is what ANSA learns from financial sources. On the table will be the new scenario created by the revision of Intesa Sanpaolo's takeover bid and the emergence of a block of shareholders, exceeding a third of Monte's capital, who have expressed their desire to reject the alternative plan developed by Monte's CEO, Luigi Lovaglio, with the double takeover bid on Banco Bpm and Banca Generali and the extraordinary dividend of 4 billion. It will be a question of understanding whether, in addition to the board's assessments on the relaunch of Intesa, Lovaglio will present countermeasures to try to resist Ca' de Sass' move.
AI outlook — possibilities, not facts
The extraordinary board of directors will evaluate any changes to Lovaglio's plan or will consider accepting Intesa Sanpaolo's takeover bid
Likely · Within days

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