(Alliance News) - Carlo Messina has reaffirmed that the EUR30.6 billion bid launched by Intesa Sanpaolo for Banca Monte dei Paschi di Siena, in partnership with Unipol, is driven solely by market logic and shareholder value creation.

As reported by Corriere della Sera on Tuesday, the CEO emphasized that the transaction is not a power play and that any potential proposal offering a higher premium to MPS shareholders would take precedence: 'the highest bidder wins'.

If completed, the deal would propel Intesa Sanpaolo to become Europe's second-largest banking group by market capitalization. Messina further noted that the project is not indispensable for achieving the group's industrial plan targets.

The banker also addressed the issue of Assicurazioni Generali, in which Intesa Sanpaolo would become an indirect shareholder via Mediobanca, which holds approximately 13% of the insurer, while UniCredit owns a stake of around 9%.

Messina reiterated that he is not interested in the insurer's governance balance but rather in net profit growth.

To protect its future interest, Intesa has also directly acquired a 3% stake in Generali, fully hedged through derivatives, while clarifying that it has no intention of acquiring or managing the Trieste-based group.

Regarding Mediobanca, which would be absorbed in the transaction, Messina assured that the brand will be maintained and that its activities will be developed and enhanced. Concerning Luigi Lovaglio, CEO of MPS and Mediobanca, Intesa's CEO acknowledged his work but observed that he would not represent the future of the new entity.

Finally, Messina dismissed the merger proposal put forward by Banco BPM for MPS, describing it as a mere 'love letter' in contrast to Intesa Sanpaolo's proposal, which he defined as a genuine offer.

The manager also highlighted the role of the alliance with Unipol and the relationship of trust with Chairman Carlo Cimbri, considered a key element for the success of the operation.

By Antonio Di Giorgio, Alliance News reporter

Comments and questions to redazione@alliancenews.com

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Stocks mentioned in the article

Add to a list 0 selected To use this feature you must be a member Log in Sign up	Off-Hours Price	Change	5-day change	Capi.
INTESA SANPAOLO S.P.A.	6.325EUR	+1.05%	+1.41%	12TCr
MEDIOBANCA S.P.A.	27.50EUR	+1.18%	+2.61%	2.51TCr
GENERALI	42.25EUR	+0.45%	-1.61%	7.19TCr
BANCA MONTE DEI PASCHI DI SIENA S.P.A.	11.41EUR	+1.28%	+1.89%	3.91TCr
UNICREDIT S.P.A.	82.57EUR	-0.48%	+0.92%	14TCr

Latest news about Intesa Sanpaolo S.p.A.

09:46pm	Intesa Sanpaolo buys back its own shares for about €226m	AN
09:27pm	EU stocks edge cautiously higher, Eni boosts the MIB	AN
03:17pm	Milan bourse slightly higher on banks and oil, Fineco, MFE, Inwit do well	RE
02:25pm	Intesa discloses advisers for Monte dei Paschi deal	AN
01:40pm	Piazza Affari unsteady, oil lifts Eni	AN
01:20pm	Intesa Sanpaolo finances new green projects in the US	AN
12:04pm	Lovaglio, MPS to weigh any proposal in shareholders' interest	AN
11:49am	Futures in the red, escalation between the US and Iran weighs	AN
10:20am	Intesa-MPS, analysts hit the brakes as Lovaglio weighs next moves	AN
10:15am	UniCredit-Commerzbank, the fight shifts between Berlin and Italy	AN
09:50am	UniCredit, after Commerzbank, looks back to Italy	AN
09:31am	Italy - Factors to watch on Monday July 13	RE
10/07	Europe on alternating current, Nexi recharges the MIB	AN
10/07	Milan stocks rise, but catalysts are scarce, Nexi sprints, banks attract buying	RE
10/07	UniCredit could reopen the Banco BPM dossier	AN

Carlo Messina

Mr. Carlo Messina is a Chief Executive Officer, MD & Director at Intesa Sanpaolo SpA and a Managing Director & Chief Executive Officer at Intesa Sanpaolo SpA. He is on the Board of Directors at University of Bocconi, Intesa Sanpaolo SpA, Intesa Sanpaolo SpA, Associazione Bancaria Italiana and Fondo Interbancario di Tutela dei Depositi. Mr. Messina was previously employed as a Head-Planning, Research & Control by Banca Intesa SpA, a Manager-Planning Department by Banco Ambrosiano Veneto SpA, a Manager-Planning & Strategic Control Department by Bonifiche Siele Finanziaria, a Manager-Corporate Finance by Banca Nazionale del Lavoro SpA, a Head-Planning, Research & Control Department by Intesa BCI, a Professor-Economics by Luiss Business School, and a Professor-Corporate Finance by Marche Polytechnic University. He also served on the board at Intesa Sanpaolo Group Services SCpA and Banca Prossima SpA. He received his undergraduate degree from The LUISS University of Rome.

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Company Profile

The Intesa Sanpaolo Group is one of the leading banking groups in Europe, and ranks among the world leaders in social impact. Leader in Italy (~14 million customers and ~2,600 branches) in financial services for families and businesses, it has a strategic international presence (over 900 branches and 7.4 million customers) in several countries of Central and Eastern Europe, the Middle East and North Africa. The activity is organized around 6 divisions: - Regional Banking: focus on the local market and regional roots to strengthen relationships with individuals, SMEs and non-profit organizations; - IMI Corporate & Investment Banking: a global partner for companies, financial institutions and public authorities; - International Banking: subsidiaries operating in the retail banking sector in several countries; - Private Banking: targeted products and services for private and HNWI clients; - Asset Management: solutions for group customers, external sales networks and institutional clients; - Insurance: insurance and provident products for group customers.

Employees

89,931

Sector

Banks

Calendar

Earnings release - Q2 2026

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