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Monte dei Paschi reaches minimum share tender target in Mediobanca bid

Published 04/09/2025, 11:08
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Investing.com -- Monte dei Paschi di Siena announced that the number of shares tendered by Mediobanca investors has reached its minimum targeted level, removing a significant obstacle in its pursuit of a €16.15 billion ($18.83 billion) takeover of the larger Italian bank.

This development brings Monte dei Paschi one step closer to completing the acquisition, which was first proposed in January when the bank surprised markets with its takeover offer. Mediobanca’s management rejected the initial proposal.

The combined entity would become Italy’s third largest lender, merging Mediobanca’s investment-banking strength and wealth-management operations with Monte dei Paschi’s established retail banking business.

Monte dei Paschi shares fell 2.7% while Mediobanca shares declined 2.3% following the announcement.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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