The Italian regulator Consov approved the proposal of the bank Inta Sanpaolo to buy Banca Monte dei Paschi di Siena for 35.04 billion euros, the Wall Street Journal writes. The application period will begin on November 24 and will continue until January 22. As part of the offer, Monte dei Paschi shareholders will receive 1.25 euros in cash and 1,664 Intesa shares for each of their shares. The bank itself has not yet officially supported or rejected the proposal, and plans to complete its analysis by the end of November.