MPS launches all-share offers for Banco BPM, Banca Generali

Aug 21 (Reuters) - Italy's Banca Monte dei Paschi di Siena launched on Friday all-share exchange offers for rival Banco BPM and asset manager Banca Generali worth €25.3 billion ($29.6 billion) and €8.7 billion respectively.

($1 = 0.8553 euros)

(Reporting by Mirko Miorelli, editing by Milla Nissi-Prussak)