Latest news with #AssicurazioniGeneraliSpA
Bloomberg
28-04-2025
- Business
- Bloomberg
Italian Banking M&A Wave Is Sweeping UniCredit to Mediobanca
Italian finance has been in turmoil since late last year, with one new deal proposal chasing the next almost on a monthly basis. Domestic consolidation has increasingly taken center stage. Mediobanca SpA 's April 28 offer for the wealth management arm of Italian insurer Assicurazioni Generali SpA is the latest move by a lender looking to protect its position in the fragmented market.
Bloomberg
28-04-2025
- Business
- Bloomberg
Italian Plot Twist May Finally Insulate Finance From Politics
Italy's banking melodrama just took another wild plot twist. Mediobanca SpA has spotted a neat escape route from an unwanted takeover bid by Banca Monte dei Paschi di Siena SpA — and from the billionaire shareholders who've spent years trying to use it as a backdoor route to influencing insurer Assicurazioni Generali SpA. The solution: Mediobanca on Monday launched an offer for wealth manager Banca Generali SpA worth €6.3 billion ($7.2 billion), to be paid for with its 13% stake in Generali. That looks like a good deal for fans of clear, focused businesses, unencumbered by a big financial stake in another group. However, it potentially creates other headaches, not least of which is leaving Monte Paschi once again without a merger partner – frustrating the government's efforts to offload its stake in Italian banking's thrice-rescued problem child.
Bloomberg
28-04-2025
- Business
- Bloomberg
Stock Movers: Mediobanca, DoorDash, ITV
On this episode of Stock Movers: - Mediobanca launched a surprise €6.3 billion ($7.2 billion) offer for the wealth management arm of Italian insurer Assicurazioni Generali SpA, opening a potential defense strategy for the Milan-based bank amid Italy's intensifying deal wave. - DoorDash has offered to buy UK-based Deliveroo Plc for $3.6 billion, marking a renewed attempt by the US company to expand into more overseas markets by buying smaller food delivery providers. - France's Banijay Group is working on plans for a takeover offer for ITV or its studio arm, Financial Times reported, citing two people familiar with the situation.
Bloomberg
28-04-2025
- Business
- Bloomberg
Mediobanca Offers to Buy Banca Generali in €6.3 Billion Deal
Mediobanca SpA launched a surprise takeover for Banca Generali SpA, the wealth manager controlled by Italian insurer Assicurazioni Generali SpA, in a deal valued at €6.3 billion ($7.2 billion). It's the next development in a wave of potential deals sweeping Italy 's financial services sector. Mediobanca itself is a takeover target as it faces a bid from Banca Monte dei Paschi di Siena SpA, which it has rejected, and its bid is likely a defensive move.
Bloomberg
20-04-2025
- Business
- Bloomberg
Caltagirone Concerned About Generali-Natixis Investment JV: Sole
Italian construction magnate Francesco Gaetano Caltagirone expressed concern about a proposed link-up between Assicurazioni Generali SpA and BPCE 's asset management units. The partnership offers few economic advantages and would effectively 'dismantle' Generali, Caltagirone said in an interview with Il Sole 24 Ore published on Sunday.
