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Mediolanum Is Selling Its 3.5% Mediobanca Stake Amid Paschi Bid
6 Articles
6 Articles
Launched 3.5% accelerated cession. Alberto Nagel's move: via the man near Del Vecchio.Bank Mediolanum is called out of the risiko, but above all from the Pact. Yesterday announced the sale of 3.5% of Mediobanca leaving Alberto Nagel more and more only in his attempt to stop the Ops of M...
MILAN Mediolanum (photo: l'ad Massimo Doris) says goodbye to Mediobanca and sells with an accelerated placement, reserved to institutional investors, the whole of its share, equal to about 3.5% of the bank. The group, which is owned by the family Doris and the Fininvest of the Berlusconi, thus removes itself from the problem of having to choose whether to deliver the shares to the offer of exchange launched by Mps or embrace the defensive strate…
Morgan Stanley acts as Sole Bookrunner and will manage the placement with the institutional investors concerned. Excluding from the transaction the share of the Doris family
Mediobanca plans $5.7bn shareholder payout to thwart MPS takeover
Italian investment bank Mediobanca has announced a three-year strategy to distribute $5.74bn to its shareholders, as it seeks to counter a hostile takeover bid from smaller competitor Banca Monte dei Paschi di Siena (MPS), reported Reuters. In January this year, MPS launched a €13.3bn ($14bn) all-share buyout offer for merchant bank Mediobanca. Mediobanca rejected the takeover proposal from MPS, stating it is “destructive” for the business and l…
Banca Mediolanum will sell its entire 3.5% stake in Mediobanca in an accelerated process, Reuters reported.
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