The idea is to create a bank that can compete in size with Unicredit and Intesa Sanpaolo. a bank that could compete in size with Unicredit and Intesa Sanpaolo. The offer from Intesa Sanpaolo and UnipolLovaglio and Castagna’s strategy has the same objective as always, to prevent Intesa Sanpaolo’s offer on MPS from being successful. The takeover bid was presented on 8 June and provides for a consideration of 10.09 euros and 16 Intesa Sanpaolo shares for each MPS share. However, Intesa Sanpaolo has no intention of keeping all of MPS.