MPS Unlikely to Sweeten Mediobanca Offer, Though Investors Would Support an Improvement -- Market Talk

Dow Jones
Aug 22, 2025

1437 GMT - Banca Monte dei Paschi di Siena is now less likely to improve the price of its takeover offer for Mediobanca, Equita says in a note. This is because Mediobanca abandoned its parallel bid for Banca Generali, meaning that MPS won't have to adjust its offer for to cover what would've been an enlarged entity, Equita says in a note. Given the complexities that would emerge from MPS's control of Mediobanca and its implementation of projected synergies, an improved offer could favor broader support for the bid among investors, analyst Luigi de Bellis writes. It is essential that MPS exceeds the threshold of 50% acceptance among investors, he adds. Mediobanca shares are up 2.9% at 21.58 euros, more than recouping Thursday's losses. (elena.vardon@wsj.com)

 

(END) Dow Jones Newswires

August 22, 2025 10:37 ET (14:37 GMT)

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