The shareholders of Intesa Sanpaolo approved on Wednesday 10 September 2026 the capital increase to service the public purchase and exchange offer (Opas) on all the ordinary shares of Banca Monte dei Paschi di Siena spa, announced on 8 June 2026. The extraordinary meeting, held in single call, expressed a favorable vote with 10,952,907,059 shares, equal to 96.96025% of the shares represented.
The provision authorizes the board of directors, by 10 September 2027, to increase the share capital in one or more times, with the issue of a maximum of 5.7 billion ordinary shares to be released through contributions in kind. The issue price will be determined in accordance with the provisions of the law and the delegation granted to the board, we read in a note. The meeting was made up of 4,889 holders of voting rights for 11,296,286,078 ordinary shares, equal to 63.88413% of the share capital.
The supervisory authority has already released the required provisions for the approved statutory amendments and has authorized the computability in Intesa Sanpaolo’s Common Equity Tier 1 of the shares that will be issued as part of the capital increase.
“A fundamental step”
Carlo Messina, CEO of Intesa Sanpaolo, commented on the vote underlining the strategic importance of the operation. “I thank our shareholders for the strong support expressed today in favor of our proposal. The approval of the capital increase represents a fundamental step to carry out the operation announced last June for Monte dei Paschi di Siena and build an even stronger Group, for the benefit of shareholders, customers, families, territories and Italy as a whole”, declared Messina.
The CEO illustrated the combined group’s objectives for 2029: over 27 million customers, approximately 2,000 billion euros in customer financial assets and a net profit of more than 16 billion. For the period 2025-2029, the plan provides for approximately 61 billion euros in distributions to shareholders.
The role of MPS, Mediobanca and Unipol
Messina placed emphasis on the historical identity of Monte dei Paschi di Siena. “Monte dei Paschi di Siena represents a unique story in the global banking panorama. Over five centuries of history have created an extraordinary bond with Siena, Tuscany, the people, businesses and communities of these territories. It is a heritage of identity, professionalism, relationships and trust that we consider to be of great value”, he stated.
The project envisages, in the event of a success of the takeover bid, the involvement of Unipol for the creation of the second banking group in the country, with the maintenance of the MPS brand and the headquarters in Rocca Salimbeni. The operation also includes the acquisition of a shareholding in Assicurazioni Generali, from a purely financial perspective.
On the employment front, the plan provides for around 13,100 new hires by 2029. Messina also mentioned the integration with Mediobanca, whose skills in corporate & investment banking and wealth management he underlined, and a commitment of one billion euros allocated to initiatives for social cohesion.