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Italy's Mediobanca rejects Monte dei Paschi's 'destructive' 13-billion-euro takeover bid – CNBC

On Friday, January 24, 2025, the logo of the MedioBanca Premier Bank branch in Brecia, Italy.

Bloomberg | Bloomberg | Getty Image

Italian lender shareholder MedioBanca On Tuesday, a smaller domestic friend refused to buy 13 billion euros. Monte Day PastIn the lamp up of integrated bidding with an Italian bank sector.

“Because the offer has no industrial and financial basis, it is destructive for Medio Banka,” he said in a statement.

The company has added that the proposal has no industrial value, compromising MedioBanca's identity and business profile, gaining “the interests of both lenders and monte dei Pasci”. Asset management and investment banks are independent and needed a high position and professional expert. “

CNBC contacted Monte Day Pasi for comments.

MONTE DEI PASCHI's shares decreased 1.32 % at 1:08 pm in London, following the news, and Mediobanca decreased by 2.7 %.

Monte Day Past (MPS), the oldest bank in the world, released on Friday an unexpectedly released proposal for all stock acquisitions of Mediobanca (MB), and 23 of the 10 shares of the target target. And evaluated MedioBanca's stock AT15. Each of the 992 euros -or 5 % of the close price on January 23. Some analysts have doubted the synergistic effects that can be caused by two bank unions. MPS strategies for MB and MB are not yet clear. “

Toscany's Monte Day Pastt, which had been rescued in 2017 after many years of abuse loss, was appointed by Unix Tit Veteran Luigirobagurio in 2022, and before the fateful turnaround. He was a trouble poster in the Italian bank division. bank.

The Italian government has been trying to privatize the lender for a long time, but has reduced his status last year and retained 11.73 % of shares. Monte Day Pastal investors include Medio Banka shareholders such as Francesco, Gaetano, Cartagiron and Delphins.

火曜日の声明で、Mediobancaは、貸し手であるMonte Dei Paschiとイタリアの保険会社Assicurazioni Generaliの「DelfinとCaltagironeの重要なクロスシェアホールディング」を強調し、これが「他の株主に対する利益の潜在的な不整合I wondered if it represented the potential alignment of potential inconsistencies. Acquisition offer.

The Roman government of Georgia Meloni has been trying to find a partner for Monte Dei Pasci. Until the consultation was resolved in 2021。 Last year, the third largest lender Banko BPM in Italy I bought 5 % of stocks Monte Day Past from the government. However, the surprising offer of Unicredit to Banco BPM in November paralyzed the further movement of MPS, pushed Rome into the corner, and took UNICREDIT CEO Andrea ORCEL to Meloni.

Returning in September, Unicredit also questioned the potential ambitions of integration across borders, unexpectedly spreading the wings in a stakeburd at the German lender Commermerzbank.

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