3 days ago
- Business
- Wall Street Journal
Mediobanca Gets ECB Approval for Banca Generali Bid
Italy's Mediobanca MB 1.37%increase; green up pointing triangle said it received approval from the European Central Bank to pursue an acquisition of smaller peer Banca Generali BGN 0.79%increase; green up pointing triangle.
The ECB's green light comes ahead of a meeting of Mediobanca's shareholders, due to be held Thursday, to vote on the offer and as it seeks to fend off a hostile takeover bid from Banca Monte dei Paschi di Siena BMPS 1.57%increase; green up pointing triangle.
