Banca Monte dei Paschi di Siena, IT0005508921

Intesa raised its MPS offer for Banca Monte dei Paschi di Siena stock

Published on 10/09/2026 at 12:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Banca Monte dei Paschi di Siena stock costs EUR 10.97 on October 9, 2026 versus EUR 10.99. The prior close was EUR 10.99, with a minus 0.18 percent change.

Key points in brief

Intesa Sanpaolo raised the cash component of its MPS offer by EUR 0.25 per share on October 3, 2026.
Banca Monte dei Paschi di Siena stock was at EUR 10.97 at Lang & Schwarz on October 9, 2026, down 0.18 percent.
First-half 2026 pre-provision operating profit increased 8.0 percent, while the October 29 shareholder vote remains decisive.

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

Intesa Sanpaolo raised its cash offer for Banca Monte dei Paschi di Siena by EUR 0.25 per share on October 3, 2026, taking the cash component from EUR 1.00 to EUR 1.25, according to Reuters. Banca Monte dei Paschi di Siena stock was trading at EUR 10.97 at Lang & Schwarz on October 9, 2026, down 0.18 percent.

The offer changed on October 3

The revised consideration combines EUR 1.25 in cash with 1.60 newly issued Intesa shares for each MPS share. Intesa Sanpaolo said the revised package valued each MPS share at EUR 10.341 using the June 5, 2026 reference prices and represented a 15.3 percent premium to the MPS price on that date.

The proposal matters because it competes directly with MPS management's plan to pursue separate all-share offers for Banco BPM and Banca Generali. The bank's first-half 2026 operating performance provides a separate fundamental anchor: pre-provision operating profit increased 8.0 percent year over year, while operating expenses declined 0.7 percent, according to Morningstar DBRS on October 1, 2026.

Three milestones shape the vote

On March 10, 2026, the boards approved the Mediobanca merger plan; MPS held 86.35 percent of Mediobanca, according to the company report dated September 28, 2026. On August 21, 2026, MPS announced the Banco BPM and Banca Generali offers, using exchange ratios of 1.567 and 6.958 MPS shares, respectively, as described in the MPS report. On October 3, 2026, Intesa increased its cash component by EUR 0.25 per share.

What does the vote mean for MPS?

The October 29, 2026 extraordinary shareholders' meeting is the immediate decision point. Reuters reported that Intesa can withdraw its offer if shareholders approve either MPS exchange offer, while MPS needs a two-thirds majority for its defense plan.

The competing structures put execution at the center of the valuation. Morningstar DBRS said the Mediobanca integration remained on track but identified execution risk while MPS pursues additional transactions. That tension sits beside the bank's EUR 33.4 billion market capitalization on October 9, 2026.

Dates set the next tests

The extraordinary shareholders' meeting is scheduled for October 29, 2026. The next reporting date is November 5, 2026, when MPS plans to publish its interim report on operations for the third quarter of 2026, according to the company's Investor Relations calendar.

Stock stays below its yearly high

At Lang & Schwarz, the stock was trading at EUR 10.97 on October 9, 2026 at 12:33 p.m. CEST, versus the prior close of EUR 10.99, a minus 0.18 percent change. The primary listing is on Euronext Milan, where the finance data snapshot put the 52-week range at EUR 6.84 to EUR 12.08 and market capitalization at EUR 33.4 billion on October 9, 2026. The further course of trading is shown by the continuously updated real-time quote of Banca Monte dei Paschi di Siena stock.