MPS's Lengthy Takeover Process Weighed on Mediobanca's Performance -- Market Talk

Dow Jones
2025/11/06

1048 GMT - The long tender process through which Monte dei Paschi won over Mediobanca's shareholders and secured a takeover of the Italian bank weighed on the target's third-quarter performance, Jefferies says in a note. The impact of the process was reflected in the results of Mediobanca's corporate and investment banking, and wealth management units. The slowdown in business needs to be seen in the context of the takeover battle, which concluded in September and led to the resignation of Mediobanca's management team, analysts Marco Nicolai and Joseph Dickerson write. "These elements seem temporary, as the franchise strength appears to have been maintained, as shown by increased deposits and total financial asset balances, while the number of employees is also up [on quarter]," they add. Mediobanca shares trade 1.6% lower at 16.67 euros. (elena.vardon@wsj.com)

 

(END) Dow Jones Newswires

November 06, 2025 05:48 ET (10:48 GMT)

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