Italy’s Mediobanca launches €6.3bn offer for Banca Generali
- Italian bank Mediobanca announced a 6.3 billion euro bid to acquire wealth manager Banca Generali.
- This offer emerges amid a wave of Italian banking consolidation and helps Mediobanca counter a takeover attempt by state-backed MPS.
- Mediobanca seeks to boost its wealth management operations by acquiring Banca Generali from its parent company Generali.
- The bid values Banca Generali shares at €54.17 based on April 25 prices, representing an 11% premium.
- The proposed deal aims to create an Italian market leader and transform the relationship between Mediobanca and Generali.
63 Articles
63 Articles
Mediobanca hits back in Italy's bank M&A war with $7 bln Banca Generali bid
Mediobanca struck back on Monday in the takeover war gripping Italian finance with a 6.3 billion euro ($7.15 billion) offer for wealth manager Banca Generali to be financed by handing over its stake in insurer Generali .
Oops, what's Banca Generali? And why does Nagel talk about the "wealth management" pole?
The private bank of the Generali group in the viewfinder of Piazzetta Cuccia. The industrial alliance in consulting on large assets for assets managed by 210 billion. In dowry the financial participation in the Lion of Trieste
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