Latest news with #finanza
Wall Street Journal
04-07-2025
- Business
- Wall Street Journal
Italy's BPER Banca Bumps Popolare Di Sondrio Offer to $6.4 Billion
Italian lender BPER Banca BPE -1.96%decrease; red down pointing triangle topped up its offer for Banca Popolare di Sondrio BPSO 0.68%increase; green up pointing triangle by throwing in a cash component to value the smaller rival at around 5.47 billion euros ($6.43 billion). In February, BPER Banca rushed to join the wave of consolidation sweeping through Italy's crowded banking sector in a bid to gain scale and defend its market position. The offer it put forward for BP Sondrio valued it at roughly 4.3 billion euros based on share prices at the time.
Yahoo
30-06-2025
- Business
- Yahoo
Mediobanca plans $5.7bn shareholder payout to thwart MPS takeover
Italian investment bank Mediobanca has announced a three-year strategy to distribute $5.74bn to its shareholders, as it seeks to counter a hostile takeover bid from smaller competitor Banca Monte dei Paschi di Siena (MPS), reported Reuters. In January this year, MPS launched a €13.3bn ($14bn) all-share buyout offer for merchant bank Mediobanca. Mediobanca rejected the takeover proposal from MPS, stating it is 'destructive' for the business and lacks 'industrial and financial rationale' for Mediobanca shareholders. It also said that the offer could lead to a 'significant loss' of customers, mainly in wealth management (WM) and investment banking. MPS, having secured approval from the European Central Bank, is preparing to launch an all-share bid for Mediobanca next month. Meanwhile, Mediobanca proposed acquiring private bank Banca Generali in April to bolster its scale and deter MPS' advances. However, it was compelled to postpone a shareholder vote on the acquisition to 25 September 2025 due to growing opposition from investors who increased their stakes in Mediobanca to resist the deal. The bank's updated three-year plan to 2028 emphasises expanding its wealth management division, supported by its corporate and investment banking operations, with consumer finance acting as a buffer against macroeconomic uncertainties. Mediobanca projects a 45% increase in net profit over the three years to 2028, reaching €1.9bn ($2.2bn), with revenues expected to grow at an average annual rate of 6%, surpassing €4.4bn ($5.5bn). In its prior plan to 2026, the bank had targeted returning over €4bn ($4.6bn) to shareholders and anticipated a net profit exceeding €1.4bn ($1.64bn). Additionally, Mediobanca plans to issue up to €750m ($878.6m) in Additional Tier 1 bonds under the new strategy, according to Nagel. "Mediobanca plans $5.7bn shareholder payout to thwart MPS takeover" was originally created and published by Private Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
29-06-2025
- Business
- Bloomberg
Elliott's Italian Bank Is Said to Plan Offer for Banca Sistema
Banca CF+, an Italian financial services firm controlled by Elliott Management Corp., is set to launch an offer for Banca Sistema SpA, according to people with knowledge of the matter. The offer would consist of cash and shares of Banca Sistema's unit Kruso Kapital SpA, said the people, who asked not to be identified because the plan isn't public.
Bloomberg
31-05-2025
- Business
- Bloomberg
Monte Paschi May Lower Threshold for Mediobanca Bid: Repubblica
Banca Monte dei Paschi di Siena SpA is considering reducing the minimum acceptance rate in its bid to acquire Italian rival Mediobanca SpA, La Repubblica reported on Saturday, citing financial sources it didn't identify. Monte Paschi could reduce the threshold to 51% or lower from the current rate of almost 67%, the newspaper said. Chief Executive Officer Luigi Lovaglio is willing to ease the condition to reflect a widening divergence in the share prices of both banks after Mediobanca's recent rally, according to the report.
Bloomberg
23-05-2025
- Business
- Bloomberg
Italy Plans to Stick With Its Tough Terms on UniCredit's BPM Bid
Italy is set to keep the strict conditions it imposed on UniCredit SpA to take over rival lender Banco BPM SpA, even if the bidder starts a legal battle to ease those terms. Prime Minister Giorgia Meloni's government is not planning to soften wide-ranging conditions imposed on the potential purchase even if UniCredit proceeds with an appeal at the country's administrative court, according to government officials, who asked not to be named.
