Monte Paschi Offers to Buy BPM, Banca Generali for €34 Billion

Markets Deals Contact us:Provide news feedback or report an error Confidential tip?Send a tip to our reporters Site feedback:Take our Survey By Sonia Sirletti August 21, 2026 at 5:29 AM UTC Banca Monte dei Paschi di Siena SpA is seeking to buy two separate banks for a combined value of €34 billion ($40 billion) as it seeks to prevent being bought by rival Intesa Sanpaolo SpA . The lender said it’s launching an all-share bid for Banco BPM SpA valuing it at €25.3 billion and another one for Banca Generali SpA valuing it €8.7 billion, according to a statement Friday. That confirmed an earlier Bloomberg News report .