Sonia Sirletti

Intesa Sanpaolo SpA offered to buy Banca Monte dei Paschi di Siena Spa for €30.6 billion ($35.3 billion), a bid that is likely to spur a new phase of dealmaking in Italian finance.

Intesa Sanpaolo will Banca Monte dei Paschi di Siena für 30,6 Milliarden Euro kaufen. Der Schritt dürfte eine neue Phase von Zusammenschlüssen im italienischen Finanzsektor auslösen.

Intesa Sanpaolo SpA Chief Executive Officer Carlo Messina said a successful takeover on Banca Monte dei Paschi di Siena SpA would position his bank to engage in deals across Europe.

Intesa Sanpaolo SpA Chief Executive Officer Carlo Messina signaled he’s prepared to address any counterbids for Banca Monte dei Paschi di Siena SpA, after unveiling an offer that valued the world’s oldest bank at more than €30 billion ($35 billion).

Intesa-Sanpaolo-Chef Carlo Messina hat signalisiert, auf mögliche Gegenangebote für die Banca Monte dei Paschi di Siena vorbereitet zu sein. Am Montag hatte Messina ein Angebot vorgelegt, das die älteste Bank der Welt mit mehr als 30 Milliarden Euro bewertet.

UniCredit SpA said a growing number of Commerzbank AG shareholders have tendered their shares into its takeover offer amid an intensifying argument over whether the take-up accurately reflects investor sentiment.

UniCredit SpA asked Germany’s BaFin to investigate statements by Commerzbank AG that it says have undermined its takeover offer, further ratcheting up tensions between the two banks.

UniCredit SpA and Commerzbank AG descended deeper into hostilities as the Italian lender continues its takeover pursuit of the German rival, with both sides accusing the other of distorting information and both appealing to regulators to step in.

Commerzbank AG investors representing 12.51% of shares took up UniCredit SpA’s €42 billion ($48 billion) takeover offer during the first acceptance period, pushing the Italian lender ever closer toward what would be Europe’s biggest bank deal in decades.

Leonardo Maria Del Vecchio, an heir to the Ray-Ban empire built by his late father, publicly challenged his family’s holding company to back his €10 billion ($11.5 billion) buyout of two siblings days before a crucial June 30 shareholder meeting.