Monte dei Paschi stock up on 62% Mediobanca takeover, CEO exit looms

Published 09/09/2025, 09:50
© Reuters.

Investing.com -- Shares of Banca Monte dei Paschi di Siena (BIT:BMPS) (BMPS) jumped 3.6% on Tuesday after the bank secured a 62% stake in Mediobanca, Italy’s leading investment bank, on Monday.

Shares of Mediobanca were also up 3.5% at 04:47 ET (8:47 GMT).

The deal positions BMPS to consolidate control over Mediobanca, allowing it to appoint a new board and access €2.9 billion in deferred tax assets, boosting the bank’s financial flexibility. 

CEO Luigi Lovaglio has said BMPS aims to reach a two-thirds majority by the offer’s closing date on September 16.

The takeover also sets the stage for leadership changes at Mediobanca. Long-serving CEO Alberto Nagel, who has led the bank since 2008, is expected to step down, with the board’s resignation anticipated by September 18.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.