
The board of directors of Delfin, the Del Vecchio family's holding company, met to analyze Intesa Sanpaolo's public purchase and exchange offer on Monte dei Paschi di Siena and would be inclined to support it, accelerating the decision in view of the MPS assembly on 29 October, after the 25 cent increase in the cash component of the offer if the shareholders reject Luigi Lovaglio's defensive plan.
AI-generated summary
Intesa Sanpaolo has launched a public purchase and exchange offer on Monte dei Paschi di Siena, increasing the cash component by 25 cents if the Siena shareholders reject CEO Luigi Lovaglio's defensive plan. Delfin, the Del Vecchio family's holding company, is a significant shareholder of both banks.
Delfin's board of directors met in recent hours to analyze the dossier relating to Intesa Sanpaolo's public purchase and exchange offer on Monte dei Paschi di Siena. The board of the Del Vecchio family holding, according to what ANSA has learned in financial circles, would have oriented itself towards supporting the offer of the group led by Carlo Messina.
The board of directors has decided to accelerate the decision in view of the October 29 MPS meeting, after Intesa's announcement that it has increased the cash component of the takeover bid by 25 cents if the Siena shareholders reject Luigi Lovaglio's defensive plan.
AI outlook — possibilities, not facts
Delfin will officially announce its support for Intesa Sanpaolo's offer on MPS before the meeting on 29 October
Likely · Within days

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Delfin, holding company of the Del Vecchio family and shareholder of MPS with 17.6% of the capital, has announced its acceptance of Intesa Sanpaolo's public purchase and exchange offer on Monte dei Paschi di Siena and its commitment to vote in favor at the meeting of 29 October, after an extraordinary meeting of the Intesa Sanpaolo board of directors held on Saturday.

Delfin, shareholder of MPS, has communicated to Intesa Sanpaolo its commitment to participate in the public purchase and exchange offer on Monte dei Paschi di Siena, conferring the entire 17.6% stake and voting at the meeting in line with the conditions of the takeover bid.