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Monte dei Paschi secures 62.3% of Mediobanca shares
3 Articles
3 Articles
They go on both titles after the end of the Opas. The European Parliamentary Irene Tinagli, however, speaks of "statalism."The operation that saw the Monte dei Paschi di Siena take over the control of Mediobanca likes the markets. The securities of the two banks, following the news, put the turbo arrives...
Bad news for the Generali: the Italian bank Monte dei Paschi di Siena (MPS) has secured the majority of the voting rights in Mediobanca, giving control to Mediobanca, which is the oldest bank in the world. Milan's investment bank is again the largest single shareholder of the Generali with around 13 percent and has always been a supporter of the corporate management of CEO Philippe Donnet. Mediobanca had recently resisted a takeover and massivel…
Monte dei Paschi secures 62.3% of Mediobanca shares
Banca Monte dei Paschi di Siena (BMPS) has secured the majority of Mediobanca after its shareholders accepted BMPS’ takeover offer. In a statement, BMPS said during the acceptance period, which ended on 8 September, “total acceptances of the offer reached 62.3% of the share capital of Mediobanca”. “This transaction creates a new competitive force, among the leaders in the Italian banking sector, offering a wide and diversified range of produc…
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