Mps: board of directors underway to examine alternative options to Intesa's takeover bid

The MPS board of directors is meeting in Siena and is called upon to analyze the strategic options developed by the CEO, Luigi Lovaglio, and by the advisors of the bank UBS, Goldman Sachs, KBW and Vitale, with the aim of finding an alternative to the Intesa Sanpaolo takeover bid.

The board of directors, it is reported in financial circles, will find itself discussing a double operation, an exchange offer on Banco Bpm and an offer on Banca Generali, in which the 13.2% share of Generali held by MPS through its subsidiary Mediobanca could also come into play.

Among the paths that Lovaglio could take to resist Intesa's 30.6 billion euro offer is also the distribution of an extraordinary dividend to Monte's shareholders.