Latest news with #BancaMonteDeiPaschi
Bloomberg
a day ago
- Business
- Bloomberg
Mediobanca Vows to Boost Payouts to Fend Off Monte Paschi Bid
Mediobanca SpA plans to return €4.9 billion ($5.7 billion) to shareholders by 2028, as the Italian lender seeks to defend against a takeover bid from rival Banca Monte dei Paschi di Siena SpA. The bank sees revenue growing to above €4.4 billion by 2028, at an annual rate of 6%, it said in a strategy update disclosed Friday. Net profit is seen rising to almost €2 billion over the same period.
Reuters
a day ago
- Business
- Reuters
Italy's Mediobanca pledges 4.9 billion euro shareholder reward to counter MPS bid
MILAN, June 27 (Reuters) - Italy's Mediobanca ( opens new tab said on Friday it would offer shareholders rewards worth 4.9 billion euros ($5.73 billion), mostly in cash, over three years to 2028 as it seeks to fend off a hostile bid from smaller rival Banca Monte dei Paschi di Siena (MPS)( opens new tab. The merchant bank reiterated in a statement that MPS' offer "lacks an industrial and financial rationale for Mediobanca shareholders and carries clear and significant execution risks."
Bloomberg
4 days ago
- Business
- Bloomberg
Italy's Monte dei Paschi Share Sale Draws Scrutiny From Brussels
The Italian government's sale of shares in Banca Monte dei Paschi di Siena SpA has spurred scrutiny from European Union regulators, amid reports that some investors were sidelined from the process. The European Commission 's competition branch has started to dig deeper into the November 2024 stake sale in a move that could eventually provoke a full-blown state aid investigation, according to people familiar with the matter.
Reuters
09-05-2025
- Business
- Reuters
Italy's Mediobanca beats forecasts with Q3 results
MILAN, May 9 (Reuters) - Mediobanca ( opens new tab has beaten expectations on its quarterly results thanks to the contribution of all its businesses, the Italian bank said on Friday. Mediobanca said last month it planned to acquire wealth manager Banca Generali ( opens new tab and bring wealth management revenues to 45% of the total from 26% at present as it sought to fend off an unsolicited bid from smaller rival Banca Monte dei Paschi (MPS) ( opens new tab. The merchant bank said in a statement that risks linked to a combination with MPS would be further heightened by a merger with Banca Generali.
