Monte Paschi CEO May Present Bids for Banco BPM, Banca Generali: Report

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Original Report

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Banca Monte dei Paschi di Siena SpA CEO Luigi Lovaglio may present a plan to the bank’s board to launch separate offers for Banco BPM SpA and for Banca Generali SpA, in a potentially long-shot counter-move to a takeover bid from Intesa Sanpaolo SpA, Il Sole 24 Ore daily reported on Wednesday.