Intesa Sanpaolo has initiated a 30.6 billion euro public takeover bid for Monte dei Paschi di Siena to create one of Europe's largest banking entities.The unsolicited offer includes support from Unipol and effectively blocks a potential merger between the target firm and Banco BPM.Shareholders are preparing for capital increases to finalize the acquisition of assets from
Mediobanca and
Generali by the end of December.