The MPS board of directors met in the late afternoon with the stock market closed

The Mps board of directors will be held with the stock market closed, called to take stock of the banking risk after Intesa Sanpaolo, by revising its offer for Monte, has guaranteed the support of over a third of the capital of the Sienese institution, effectively making it impossible to approve the alternative plan developed by the CEO Luigi Lovaglio at the meeting on 29 October.

The board, as far as we know, was convened at 6pm. In particular, it will be a question of understanding whether the Lucanian banker will have been able to put together alternative measures to those put in place by Intesa that could justify the postponement of the meeting, where the takeover bids on Banca Generali and Banco Bpm and the 4 billion extraordinary dividend are destined to be rejected. The board of directors could also proceed with a revaluation of Intesa's takeover bid in light of the raise of 25 cents per share put on the table by Ca' de Sass.