Intesa, BPM Moves for Monte Paschi Raise Prospect of UniCredit Response -- Market Talk

Dow Jones06-08

0930 GMT - Intesa Sanpaolo and Banco BPM's moves for Banca Monte dei Paschi di Siena raise several questions and a potential response from rival UniCredit is one to watch, Barclays's Paola Sabbione and Dibin Meledath Koruthu say in a research note. The reaction from Monte dei Paschi's core shareholders, as well as from its executives and board, will also be key, the analysts say. Monte dei Paschi's CEO Luigi Lovaglio has in the past signaled openness to a deal with Banco BPM, but he might be reluctant to agree to a deal with Intesa that writes off the merger with Mediobanca he pursued, according to Barclays. A BPM move was expected while UniCredit is still focused on Commerzbank, but the counter-bid from Intesa came as a surprise, the analysts add. Monte Paschi shares jump 11% and BPM rises 0.7%, while Intesa's fall 4% and UniCredit drops 0.9%. (adria.calatayud@wsj.com)

 

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June 08, 2026 05:30 ET (09:30 GMT)

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