Major Stakeholders in Italy's Banking Conflicts

ROME, Jan 24 (Reuters) - The all-share acquisition by Italian bank Monte dei Paschi di Siena (MPS) on Friday marks the latest unexpected development in a growingly intricate banking narrative.

The long-anticipated consolidation of the Italian banking sector has gained momentum in recent months. This was catalyzed by the state divesting its share in MPS in November, opening the door for a new major banking entity to rival Intesa Sanpaolo and UniCredit.

In response to this dynamic landscape, UniCredit made a bold move late last year by initiating an unsolicited bid for Banco BPM, Italy's third-largest lender, to ensure its position in the evolving market.

Adding to the complexity are the major shareholders in the banks, who also hold stakes in additional financial institutions and Italian insurer Generali. Notable shareholders include Delfin, the holding company founded by the late billionaire Leonardo Del Vecchio, and entrepreneur Francesco Gaetano Caltagirone.

The table below outlines the principal shareholders in the financial groups involved, with data accurate as of Jan. 23.