Italian lender Monte dei Paschi di Siena has launched a €13.3bn takeover offer for its larger domestic rival Mediobanca. The offer, announced on Friday, values Mediobanca’s shares at €15.99 each, a 5 ...

ROME (Reuters) - Shares in Italy's Mediobanca and Monte dei Paschi (MPS) fell at market open on Monday, extending Friday's losses, after the state-backed lender launched a surprise 13.3-billion-euro ...

Having spent 5.4 billion euros in 2017 to rescue MPS and avert a wider crisis, Italy had said its reprivatisation had to help to create a third major player in Italian banking. MPS is offering 23 ...