ECB approval expected for MPS offer. Intesa Sanpaolo stock falls 2.47 percent

Published on 10/22/2026 at 09:51 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

MPS approval checks include 635 branches under review by October. Intesa Sanpaolo stock costs EUR 5.92 on October 22, 2026, 2.47 percent below Xetra close.

Approval timeline and earnings

ECB approval for Intesa Sanpaolo's MPS offer was expected by October 21, 2026, with 635 branches under review.
First-half 2026 net income reached EUR 5.6 billion on July 29, 2026.
Intesa Sanpaolo stock trades at EUR 5.92 at 9:41 a.m. CEST at Lang & Schwarz on October 22, 2026, 2.47 percent below the Xetra close of October 21, 2026.

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ECB approval was expected by October for Intesa Sanpaolo's exchange offer for Banca Monte dei Paschi di Siena, with the process entering a decisive phase, MarketScreener reported on October 21, 2026. Intesa Sanpaolo stock was trading at EUR 5.92 at Lang & Schwarz at 9:41 a.m. CEST on October 22, 2026, down 2.47 percent versus the Xetra close of October 21, 2026 at EUR 6.07.

Approval adds a regulatory test

The report said ECB approval could arrive before Monte dei Paschi's October 29, 2026, shareholders' meeting. Antitrust findings were expected between late October and early November, while a final decision was expected between November and December, according to MarketScreener.

The review covers 635 branches earmarked for Unipol and the competitive implications of an indirect 13.2 percent stake in Generali through Mediobanca. Golden Power authorization and Consob approval of the prospectus remained outstanding, making regulatory sequencing the immediate variable for the offer.

What does the offer mean for scale?

Intesa Sanpaolo's recent chronology shows the transaction's growing capital commitment. On July 29, 2026, the bank presented first-half results with EUR 5.6 billion in net income and upgraded 2026 guidance to more than EUR 10 billion, according to Intesa Sanpaolo. On September 11, 2026, shareholders backed the MPS capital increase with 96.96 percent of voting shares, as reported by Simply Wall St. On October 21, 2026, the regulatory timetable was the latest development, with 635 branches identified in the review.

Dates on the investor calendar

The next two substantiated dates are October 29, 2026, for the Monte dei Paschi shareholders' meeting, and October 30, 2026, for Intesa Sanpaolo's third-quarter 2026 results. The latter date and estimates were published by Finanzen.ch.

Stock sits below its yearly high

The Lang & Schwarz quote places the stock 14.82 percent below its 52-week high of EUR 6.95 and above its 52-week low of EUR 4.83, both as of October 22, 2026. Market capitalization stood at EUR 103.3 billion on the same date, keeping the MPS process relevant to a large listed banking group.

Intesa Sanpaolo was trading at EUR 5.92 at Lang & Schwarz on October 22, 2026 at 9:41 a.m. CEST, 2.47 percent below the Xetra close of October 21, 2026 at EUR 6.07. The further course of trading is shown by the continuously updated real-time quote of Intesa Sanpaolo stock.