Norges Bank Investment Management Opposes Key Strategic Proposals at Monte dei Paschi di Siena

Norges Bank Investment Management, holding approximately 2.9% to 3% of Banca Monte dei Paschi di Siena (MPS), plans to vote against several key proposals at the bank's extraordinary shareholder meeting on October 29, 2026. The fund opposes the proposed acquisitions of Banco BPM and Banca Generali, as well as the merger with Mediobanca and the partial demerger of Mediobanca Premier in favor of Widiba. Norges Bank emphasizes that corporate operations should prioritize shareholder returns, transparency, and fair treatment for all shareholders, while supporting other agenda items like board member appointments and certain share repurchase programs.