The general manager of Mediobanca said the take-up in Monte dei Paschi di Siena’s bid for the merchant bank would reach 80%, making a merger of the two groups inevitable, as he sought to reassure staff on a conference call.
Mediobanca’s Francesco Saverio Vinci said MPS – smaller than its target – had paid a significant price for Mediobanca, albeit mostly in shares, meaning it valued the asset it had bought and would strive to preserve it.
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Addressing staff … [1402 chars]
Source: Reuters | Published: 2025-09-10T12:53:32Z
Credit: Reuters
