Intesa Sanpaolo Sp A shareholders approved the issuance of new shares to finance the €35.4 billion ($41.2 billion) takeover bid for Banca Monte dei Paschi di Siena Sp A.

Investors attending Intesa’s extraordinary general meeting on Thursday authorized the issuance of as many as 5.7 billion new shares for a potential deal, according to a statement. The board of directors will decide on the actual amount of the capital increase, the issue price and other terms.