Latest news with #MediobancaSpA
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
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
15-04-2025
- Business
- Bloomberg
Banco BPM to Back Paschi Bid for Mediobanca at Investor Meeting
Banco BPM SpA is set to back Banca Monte dei Paschi di Siena SpA 's bid for rival Mediobanca SpA at a crucial investor meeting this week. The board of directors of Banco BPM, which owns a 5% stake in the Siena-based bank, has decided to vote in favor of Monte Paschi's proposal to issue the fresh shares it needs to finance the offer, a spokesperson said on Tuesday.
Bloomberg
12-04-2025
- Business
- Bloomberg
Norway's Wealth Fund Plans to Back Paschi's Mediobanca Bid
Norway's sovereign wealth fund, which owns a stake of more than 2.5% in Banca Monte dei Paschi di Siena SpA, plans to back the Italian bank's bid for competitor Mediobanca SpA at a crucial investor meeting next week. Norges Bank Investment Management, a unit of the Norwegian central bank, will vote in favor of Monte Paschi's proposal to issue the fresh shares it needs to finance the offer, according to the unit's website.
