Norges Bank Opposes MPS Acquisition Offer for Banca Generali

Norges Bank, a major shareholder in Banca Monte dei Paschi di Siena (MPS), plans to vote against key proposals at the MPS shareholders' meeting on October 29, 2026, including the acquisition offer for Banca Generali. The fund's opposition stems from concerns regarding transparency and potential conflicts of interest, indicating that the current proposals do not align with its standards for maximizing shareholder returns. This opposition poses a significant obstacle for the proposed acquisition of Banca Generali.