Advisers for Banca Monte dei Paschi di Siena SpA and Banco BPM SpA’s are in talks over a possible merger of equals, structured as a mix of shares and cash, as an alternative to Intesa Sanpaolo SpA’s €35 billion ($40 billion) bid for Monte Paschi, according to people familiar with the matter.
Source: [Bloomberg Markets](https://www.bloomberg.com/news/articles/2026-07-27/paschi-banco-bpm-advisers-working-on-deal-with-cash-component)