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المشهد العربي
Intesa Sanpaolo increases MPS bid
The Italian newspaper "Intersa San Paolo" reported that he has strengthened his offer to acquire "Monte dei Paschi di Siena" with an additional 800 million euros (approximately $900 million), in order to sway the shareholders who oppose the alternative plan promoted by "Monte dei Paschi," which relies on a mix of shares and cash and is valued at 34 billion euros. This move comes ahead of the decisive voting session on October 29, where CEO Luvallio is seeking shareholder support to approve the alternative plan, highlighting the significance of the deal as one of the most notable banking acquisitions in Italy over the past two years.
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