By Elena Vardon
The board of Banca Generali acknowledged the takeover offer launched by Mediobanca for the Italian private bank.
Mediobanca on Monday launched a 6.3 billion euro, equivalent to $7.20 billion, stock bid for the group--which is majority-owned by insurer Assicurazioni Generali--to bolster its wealth management division.
The bank is currently the Italian insurer's top shareholder and intends to exchange its 13% stake to pay for Banca Generali.
Banca Generali said late Monday that the offer was neither solicited nor previously agreed upon and that it will analyze it thoroughly.
"Banca Generali will express its opinion on the offer within the terms and according to the procedures set forth by the law," it added.
Write to Elena Vardon at elena.vardon@wsj.com
(END) Dow Jones Newswires
April 29, 2025 00:58 ET (04:58 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。