Banco BPM completed the acquisition of 5% stake in Banca Monte dei Paschi di Siena for €370m.

Banco BPM, an Italian retail and corporate banking conglomerate, completed the acquisition of 5% stake in Banca Monte dei Paschi di Siena, an Italian commercial and retail bank, for €370m. “The acquisition of a stake in MPS by Banco BPM is part of the broader context of the voluntary public tender offer on the entire share capital of Anima Holding SpA,” BPM.