{"id":727,"date":"2025-01-24T10:02:34","date_gmt":"2025-01-24T10:02:34","guid":{"rendered":"https:\/\/finzexpert.com\/blog\/monte-dei-paschi-makes-13-billion-euro-bid-for-mediobanca\/"},"modified":"2025-01-24T10:02:34","modified_gmt":"2025-01-24T10:02:34","slug":"monte-dei-paschi-makes-13-billion-euro-bid-for-mediobanca","status":"publish","type":"post","link":"https:\/\/finzexpert.com\/blog\/monte-dei-paschi-makes-13-billion-euro-bid-for-mediobanca\/","title":{"rendered":"Monte dei Paschi makes 13-billion-euro bid for Mediobanca"},"content":{"rendered":"\n<div id=\"RegularArticle-ArticleBody-5\" data-module=\"ArticleBody\" data-test=\"articleBody-2\" data-analytics=\"RegularArticle-articleBody-5-2\"><span class=\"HighlightShare-hidden\" style=\"top:0;left:0\"\/><\/p>\n<div class=\"InlineImage-imageEmbed\" id=\"ArticleBody-InlineImage-103825554\" data-test=\"InlineImage\">\n<div class=\"InlineImage-wrapper\">\n<div>\n<p>Photographer | Collection | Getty Images<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p>Italy&#8217;s bailed-out <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-1\">Monte dei Paschi di Siena<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span> on Friday launched a 13.3 billion euro ($13.95 billion) all-share takeover offer for larger domestic peer <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-2\">Mediobanca<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span>.<\/p>\n<p>Shares of Monte dei Paschi (MPS) were down 5.74% at 09:43 a.m. London time, with Mediobanca up 6.28%.<\/p>\n<p>Offering 23 of its shares for 10 of its acquisition target, Monte dei Paschi values Mediobanca&#8217;s stock at roughly \u20ac15.992 each, a 5% premium to the close price of Jan. 23.<\/p>\n<p>The equity of Monte dei Paschi was worth 8.7 billion euros as of the Jan. 23 close, while Mediobanca&#8217;s market capitalization stood at at 12.3 billion euros, according to FactSet data.<\/p>\n<p>CNBC has reached out to Mediobanca for comment.<\/p>\n<p>Monte dei Paschi, the world&#8217;s oldest bank, required a state rescue in 2017 after years of crippling losses, but has turned the tides of its fortunes under the leadership of UniCredit veteran Luigi Lovaglio. The Italian government retains a 11.73% stake in the lender.<\/p>\n<p>&#8220;The transaction could contribute to complete the dynamics of the Italian financial system, in the context of strong consolidation,&#8221; Italian banking union Fabi said after the offer announcement, according to a CNBC translation. &#8220;MPS, historically at the center of complex events, is now moving in an ambitious direction. The bid confirms, among other things, that MPS has completely recovered.&#8221;<\/p>\n<p>The Friday offer adds to a picture of heating M&amp;A appetite in Italy&#8217;s banking and financial services sector, where the country&#8217;s second-largest bank UniCredit previously offered to buy out <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-4\">Banco BPM<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span>, which in turn seeks to acquire fund manager Anima Holding. Monte dei Paschi was itself a potential takeover target for UniCredit until talks recently collapsed in 2021.<\/p>\n<p>\u00a0\u2014 <em>CNBC&#8217;s Silvia Amaro and Ganesh Rao contributed to this report.<\/em><\/p>\n<p><em><strong>This breaking news story is being updated.<\/strong><\/em><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Photographer | Collection | Getty Images Italy&#8217;s bailed-out Monte dei Paschi di Siena on Friday launched a 13.3 billion euro ($13.95 billion) all-share takeover offer for larger domestic peer Mediobanca. Shares of Monte dei Paschi (MPS) were down 5.74% at 09:43 a.m. London time, with Mediobanca up 6.28%. Offering 23 of its shares for 10 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":728,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[452,453,396,454,450,451],"class_list":["post-727","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-loan","tag-13billioneuro","tag-bid","tag-dei","tag-mediobanca","tag-monte","tag-paschi"],"_links":{"self":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/posts\/727","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/comments?post=727"}],"version-history":[{"count":0,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/posts\/727\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/media\/728"}],"wp:attachment":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/media?parent=727"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/categories?post=727"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/tags?post=727"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}