We use cookies to improve your experience. By using BondbloX, you agree to our use of cookies.
Bond Market News
BMPS Explores Takeover of Banco BPM
August 3, 2026
– Vandit P
Banca Monte dei Paschi di Siena (BMPS) is weighing a possible takeover of Banco BPM as an alternative to fighting off Intesa Sanpaolo’s hostile bid. This follows the breakdown of merger talks between BMPS and Banco BPM on Friday. Talks collapsed after Crédit Agricole, Banco BPM’s largest shareholder with a 29.3% stake, said that it had received no information on the BMPS-Banco BPM discussions and that its shareholding made it a necessary party to any deal. Crédit Agricole CEO stated that the bank would assess any serious proposal based on its strategic merit and value creation for Banco BPM shareholders. One possible structure would involve BMPS and Banco BPM negotiating a share-based merger directly with Crédit Agricole, with the French bank rolling its stake into the combined entity. This approach could reduce cash requirements but would hinge on governance, board representation, and commercial partnership terms. The episode follows a roughly two-month standoff that began when Banco BPM proposed a merger of equals with BMPS, prompting Intesa to launch a €30.6bn bid for BMPS the next day. BMPS said it remains focused on its growth plan and integrating Mediobanca while continuing to assess strategic options.
Bonds of both BMPS and Banco BPM traded stable
For more details, click here
Go back to Latest bond Market News
Related Posts:
Our Awards
BondbloX Pte. Ltd. is regulated by the Monetary Authority of Singapore as a Recognised Market Operator ("RMO") and exempted from Section 49(1) of the Securities and Futures Act (Cap. 289) ("SFA") under Section 49(7) of the SFA.