Monte Dei Paschi Secures 86.3% of Rival Mediobanca

Dow Jones
09/23
 

By Najat Kantouar

 

Monte dei Paschi di Siena gained control of 86.3% of rival Mediobanca, in an offer that values the bank at around $19 billion.

The Italian lender said late Monday that 86.3% of the share capital of Mediobanca has been brought into acceptance of the offer. As a result, Monte dei Paschi will hold a total of approximately 702.1 million shares in Mediobanca.

The payment date is set for Sep. 29.

Monte dei Paschi launched a takeover offer for its larger peer in January--which Mediobanca's management rejected--aiming to create Italy's third largest lender by combining the target heft in investment-banking and wealth-management with its strength in retail banking.

Earlier this month, Monte dei Paschi topped up its all-share offer with a cash component in a bid to win over Mediobanca shareholders. The offer valued the bank at around 16.15 billion euros ($19.06 billion).

 

Write to Najat Kantouar at najat.kantouar@wsj.com

 

(END) Dow Jones Newswires

September 23, 2025 01:34 ET (05:34 GMT)

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