Markets
Intesa’s €30.6bn MPS Bid: Buy the Capped Auction
Observation On 8 June 2026, Intesa Sanpaolo launched an unsolicited voluntary public tender and exchange offer for 100% of Banca Monte dei Paschi di Siena (MPS), offering €1 in cash plus 1.6 newly issued Intesa shares per MPS share. Based on Intesa’s stated reference price, the offer values