Mediobanca's Move for Banca Generali Looks Defensive -- Market Talk

Dow Jones

Apr 28, 2025

1007 GMT - Mediobanca's bid for Banca Generali could be motivated by growth but also by defense as it tries to fend off an unsolicited approach from Monte dei Paschi di Siena, ING says in a research note. "We consider a lower likelihood of a MPS takeover a positive for the bank's spreads," credit analyst Suvi Planterink Kosonen writes. The Italian bank has rejected the takeover bid and aims to grow its wealth-management business with this deal of its own. The interesting aspect of the transaction is that Mediobanca seeks to finance it with the stake it owns in Assicurazioni Generali--which is the majority owner of Banca Generali--turning the relationship with the insurer from an industrial to a financial one, she adds. (elena.vardon@wsj.com)

(END) Dow Jones Newswires

April 28, 2025 06:07 ET (10:07 GMT)

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The Italian bank has rejected the takeover bid and aims to grow its wealth-management business with this deal of its own. The interesting aspect of the transaction is that Mediobanca seeks to finance it with the stake it owns in Assicurazioni Generali--which is the majority owner of Banca Generali--turning the relationship with the insurer from an industrial to a financial one, she adds. (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 06:07 ET (10:07 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 Move for Banca Generali Looks Defensive -- 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 Move for Banca Generali Looks Defensive -- 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 18:07</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1007 GMT - Mediobanca's bid for Banca Generali could be motivated by growth but also by defense as it tries to fend off an unsolicited approach from Monte dei Paschi di Siena, ING says in a research note. \"We consider a lower likelihood of a MPS takeover a positive for the bank's spreads,\" credit analyst Suvi Planterink Kosonen writes. The Italian bank has rejected the takeover bid and aims to grow its wealth-management business with this deal of its own. The interesting aspect of the transaction is that Mediobanca seeks to finance it with the stake it owns in Assicurazioni Generali--which is the majority owner of Banca Generali--turning the relationship with the insurer from an industrial to a financial one, she adds. (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 06:07 ET (10:07 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":"BK4207","symbol_name":"综合性银行","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2530789394","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2530789394","pubTimestamp":1745834820,"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":"1007 GMT - Mediobanca's bid for Banca Generali could be motivated by growth but also by defense as it tries to fend off an unsolicited approach from Monte dei Paschi di Siena, ING says in a research note. \"We consider a lower likelihood of a MPS takeover a positive for the bank's spreads,\" credit analyst Suvi Planterink Kosonen writes. The Italian bank has rejected the takeover bid and aims to grow its wealth-management business with this deal of its own. The interesting aspect of the transaction is that Mediobanca seeks to finance it with the stake it owns in Assicurazioni Generali--which is the majority owner of Banca Generali--turning the relationship with the insurer from an industrial to a financial one, she adds. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4207":"综合性银行","MDIBY":"MedioBanca SpA"},"translate_title":"Mediobanca收购忠利银行的举动看起来具有防御性——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MDIBY":0.9},"content_text":"1007 GMT - Mediobanca's bid for Banca Generali could be motivated by growth but also by defense as it tries to fend off an unsolicited approach from Monte dei Paschi di Siena, ING says in a research note. \"We consider a lower likelihood of a MPS takeover a positive for the bank's spreads,\" credit analyst Suvi Planterink Kosonen writes. The Italian bank has rejected the takeover bid and aims to grow its wealth-management business with this deal of its own. The interesting aspect of the transaction is that Mediobanca seeks to finance it with the stake it owns in Assicurazioni Generali--which is the majority owner of Banca Generali--turning the relationship with the insurer from an industrial to a financial one, she adds. (elena.vardon@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 28, 2025 06:07 ET (10:07 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":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}