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 ...
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 ...
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