Mediobanca's Bid Removes Battle of Control for Generali -- Market Talk

Dow Jones

Apr 28, 2025

1155 GMT - Mediobanca's offer for Banca Generali has an attractive structure, being funded by a stake disposal, Keefe, Bruyette & Woods says in a research note. The Italian bank is offering to swap its stake in Assicurazioni Generali--in which it holds 13%--for Banca Generali--which the insurer owns a majority of. The transaction structure removes Mediobanca from the battles of control of Assicurazioni Generali on top of having a strong strategic and financial logic, analysts write. Two key investors with stakes in both companies had been at odds with Generali's management and also back Monte dei Paschi's hostile offer for Mediobanca. "We don't think this offer stops BMPS's offer for MB but we continue to think that offer has limited chance of success," they write. (elena.vardon@wsj.com)

(END) Dow Jones Newswires

April 28, 2025 07:55 ET (11:55 GMT)

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The Italian bank is offering to swap its stake in Assicurazioni Generali--in which it holds 13%--for Banca Generali--which the insurer owns a majority of. The transaction structure removes Mediobanca from the battles of control of Assicurazioni Generali on top of having a strong strategic and financial logic, analysts write. Two key investors with stakes in both companies had been at odds with Generali's management and also back Monte dei Paschi's hostile offer for Mediobanca. \"We don't think this offer stops BMPS's offer for MB but we continue to think that offer has limited chance of success,\" they write. (elena.vardon@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 28, 2025 07:55 ET (11:55 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Mediobanca's Bid Removes Battle of Control for Generali -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMediobanca's Bid Removes Battle of Control for Generali -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-04-28 19:55</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1155 GMT - Mediobanca's offer for Banca Generali has an attractive structure, being funded by a stake disposal, Keefe, Bruyette &amp; Woods says in a research note. The Italian bank is offering to swap its stake in Assicurazioni Generali--in which it holds 13%--for Banca Generali--which the insurer owns a majority of. The transaction structure removes Mediobanca from the battles of control of Assicurazioni Generali on top of having a strong strategic and financial logic, analysts write. Two key investors with stakes in both companies had been at odds with Generali's management and also back Monte dei Paschi's hostile offer for Mediobanca. \"We don't think this offer stops BMPS's offer for MB but we continue to think that offer has limited chance of success,\" they write. (elena.vardon@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 28, 2025 07:55 ET (11:55 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MDIBY","symbol_name":"MedioBanca SpA","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2530403357","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2530403357","pubTimestamp":1745841300,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1155 GMT - Mediobanca's offer for Banca Generali has an attractive structure, being funded by a stake disposal, Keefe, Bruyette & Woods says in a research note. The Italian bank is offering to swap its stake in Assicurazioni Generali--in which it holds 13%--for Banca Generali--which the insurer owns a majority of. The transaction structure removes Mediobanca from the battles of control of Assicurazioni Generali on top of having a strong strategic and financial logic, analysts write. Two key investors with stakes in both companies had been at odds with Generali's management and also back Monte dei Paschi's hostile offer for Mediobanca. \"We don't think this offer stops BMPS's offer for MB but we continue to think that offer has limited chance of success,\" they write. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"MDIBY":"MedioBanca SpA","BK4207":"综合性银行"},"translate_title":"Mediobanca的收购消除了忠利集团的控制权之争——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MDIBY":0.9},"content_text":"1155 GMT - Mediobanca's offer for Banca Generali has an attractive structure, being funded by a stake disposal, Keefe, Bruyette & Woods says in a research note. The Italian bank is offering to swap its stake in Assicurazioni Generali--in which it holds 13%--for Banca Generali--which the insurer owns a majority of. The transaction structure removes Mediobanca from the battles of control of Assicurazioni Generali on top of having a strong strategic and financial logic, analysts write. Two key investors with stakes in both companies had been at odds with Generali's management and also back Monte dei Paschi's hostile offer for Mediobanca. \"We don't think this offer stops BMPS's offer for MB but we continue to think that offer has limited chance of success,\" they write. (elena.vardon@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 28, 2025 07:55 ET (11:55 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}