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Italy's Monte dei Paschi clinches 62% of Mediobanca

Monte dei Paschi di Siena has secured 62% of Mediobanca, bourse data shows, paving the way for a shake-up at the bid target where long-standing CEO Alberto Nagel is preparing to step down.

Business • 09 Sep

A bank branch beside a statue in an Italian street

Mediobanca shareholders reject Banca Generali deal

Shareholders of Italian merchant bank Mediobanca have rejected the proposal of its chief executive Alberto Nagel to buy Banca Generali, a takeover that would have created Italy's second-largest wealth manager.

Business • 21 Aug

Mediobanca has received ECB approval to buy private bank Banca Generali

Mediobanca gets ECB approval for Banca Generali deal

Italy's merchant bank Mediobanca has received European Central Bank approval to buy private bank Banca Generali and create Italy's second-largest wealth manager, as it seeks to thwart a takeover bid from Monte dei Paschi di Siena.

Business • 19 Aug

Monte dei Paschi di Siena has reported net profit of €413m, well above a €341m forecast

Monte dei Paschi beats forecasts with 24% profit rise

State-backed Monte dei Paschi di Siena has today posted a larger-than-forecast 24% quarterly profit rise as it pursues a hostile takeover of rival Mediobanca in the consolidation wave sweeping Italian finance.

Business • 09 May

Mediobanca is trying to thwart a takeover attempt by state-backed Monte dei Paschi di Siena

Mediobanca makes €6.3 billion Banca Generali bid

Italy's Mediobanca struck back today in its fight for independence by announcing a €6.3 billion offer for private bank Banca Generali to be financed by using its stake in insurer Generali.

Business • 28 Apr

Monte dei Paschi announced a surprise €13.3 billion buyout bid for Mediobanca on Friday

Italy's Mediobanca rejects Monte dei Paschi bid

Italian bank Mediobanca has today rejected a takeover offer by state-backed rival Monte dei Paschi di Siena, saying a tie-up would be detrimental to its shareholders because it lacked any strategic and financial rationale.

Business • 28 Jan

Italy's Monte dei Paschi di Siena has launched a surprise €13.3 billion all-share buyout offer for Mediobanca

Bailed-out Monte dei Paschi in bid to buy Mediobanca

Bailed-out lender Monte dei Paschi di Siena has today launched a €13.3 billion all-share buyout offer for Mediobanca MDBI.MI, in the latest surprise twist of a complex Italian banking saga.

Business • 24 Jan

Mediobanca