Banca Monte dei Paschi di Siena, IT0005508921

ECB approves control bid: Banca Monte dei Paschi di Siena stock is 9.44 percent below its high

Published on 10/28/2026 at 09:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

ECB approval clears a key hurdle for MPS's offer. Banca Monte dei Paschi di Siena stock is EUR 10.94, 9.44 percent below its EUR 12.08 high.

Regulatory step and offer scale

Intesa Sanpaolo received prior ECB and Bank of Italy authorizations on October 27, 2026.
The offer covers 3,037,594,735 MPS shares and could add 272,012,804 shares.
Banca Monte dei Paschi di Siena stock trades at EUR 10.94 at 9:30 a.m. CEST at Lang & Schwarz on October 28, 2026.

Banca Monte dei Paschi di Siena, IT0005508921, Illustration mit AI erstellt.

Banca Monte dei Paschi di Siena (ISIN IT0005508921) reached a new takeover milestone after Intesa Sanpaolo received prior authorizations from the European Central Bank and Bank of Italy on October 27, 2026, for the acquisition of control of MPS, according to the Intesa Sanpaolo release. The authorization is a regulatory step, not completion of the offer.

Authorization changes the timetable

The release covers Intesa Sanpaolo's voluntary public tender and exchange offer for all MPS ordinary shares. It also records Bank of Italy authorization for several indirect holdings connected with the transaction, while stating that further developments will be reported under the applicable rules.

The offer currently covers a maximum of 3,037,594,735 MPS shares, excluding 823,448 shares already held by Intesa Sanpaolo. The number could rise by 272,012,804 shares if the proposed Mediobanca merger into MPS becomes effective before the offer acceptance period closes.

What happens before the vote?

Before the acceptance period begins, Intesa Sanpaolo said it will publish an offer document and an EU follow-on prospectus for shareholders to examine. The distinction matters because regulatory approval of control does not itself transfer ownership of MPS.

Two dates shape the next step

Banca MPS lists its extraordinary shareholders meeting for October 29, 2026, and its interim report on operations for the third quarter of 2026 on November 5, 2026, on its investor relations page. The meeting is the immediate corporate date, while the report will provide the next scheduled earnings update.

Stock remains below its yearly high

Banca Monte dei Paschi di Siena stock was trading at EUR 10.94 at Lang & Schwarz on October 28, 2026, at 9:30 a.m. CEST. The quote is 9.44 percent below the EUR 12.08 52-week high and gives the offer process a clear market-value reference without implying that the takeover has closed. The further course of trading is shown by the continuously updated real-time quote of Banca Monte dei Paschi di Siena stock.