Paschi, Banco BPM Advisers Working on Deal With Cash Component

Advisers for Monte Paschi and Banco BPM are negotiating a potential merger of equals that would combine both shares and cash, presenting an alternative to Intesa Sanpaolo's €35 billion acquisition bid for Monte Paschi. The deal structure would allow both banks to maintain significant stakes in the combined entity rather than Monte Paschi being fully acquired by Intesa.