MPS Shareholders Reject Takeover Offer for Banco BPM

On October 29, 2026, Banca Monte dei Paschi di Siena shareholders rejected a proposal to launch a takeover offer for Banco BPM: 91.1% of the capital represented at the meeting voted against it, while 6.47% voted in favor. The vote halts MPS’s potential acquisition attempt. Banco BPM reportedly planned to abstain from the meeting and was preparing to respond to a separate takeover bid from Intesa Sanpaolo.