Intesa Sanpaolo announced an unsolicited offer of €30.6 billion for Monte dei Paschi di Siena, representing a 12.5% premium to MPS's prior closing price. Banco BPM separately expressed interest in a merger of equals with MPS, while Credit Agricole signaled openness to value-creation steps involving Banco BPM. MPS had received a state bailout in 2017, was re-privatized in 2023, and acquired Mediobanca last year.