Banco BPM's Board Evaluates Offer from Banca Monte dei Paschi di Siena

11:49 PM EDT, 08/25/2026 (MT Newswires) -- Banco BPM's (BAMI.MI) board met on Tuesday to assess the voluntary public exchange offer launched by Italian banking peer Banca Monte dei Paschi di Siena (BMPS.MI). The target bank noted in a same-day release that the offer is structurally different from the deal proposed by Banca Monte dei Paschi in June. The offer is structured as an acquisition instead of a merger between the two banks, and does not contain a premium for the target's shareholders. Banco BPM's board plans to disclose its assessment in the relevant timeframe.