Delfin

Delfin, the holding company controlled by the Del Vecchio heirs and Monte dei Paschi's largest shareholder, has reached an agreement with Intesa Sanpaolo under which it will deliver its Mps stake and vote against CEO Luigi Lovaglio. The move, reported by la Repubblica, marks a significant twist in the battle over the future of the Tuscan bank and is likely to influence the outcome of the shareholder vote.

Italian readers are following Il Sole 24 Ore's coverage of the day's biggest business and political stories. Among the most discussed: Stellantis output recovering over the first nine months of 2026 despite a steep drop at its Cassino plant, Delfin handing its 17.6% stake in MPS to Intesa while voting against chief Lovaglio, the US withdrawing bombers from RAF Fairford amid the Iran conflict, and Descalzi's push for the Argentina LNG mega-project.

Banca Monte dei Paschi di Siena's board has given the green light to Delfin's proposal as part of the plan to revive the bank within an Intesa Sanpaolo-linked framework. Meanwhile, Asian stock markets opened higher, led by a strong Nikkei, Opec+ chose to keep oil production unchanged for November, and Spain is heading toward early elections.