MPS hostile takeover bid
Mediobanca rejects MPS’s takeover bid not agreed and strongly destructive of value.
The Board of Directors of Mediobanca, which met on 28 January 2025 , took note of the communication pursuant to Article 102 of the Italian Finance Act issued by Banca Monte dei Paschi di Siena on 24 January 2025 concerning the promotion of a public exchange offer for all the shares of Mediobanca.
It should be noted that the Offer has not been agreed and is to be considered contrary to the interests of Mediobanca.
Without prejudice to the fact that Mediobanca will express its opinion on the Offer in accordance with the timing, instruments and procedures provided for by law, on the basis of its analysis of the Press Release, the Board of Directors of Mediobanca finds that the Offer is devoid of industrial and financial rationale and is therefore destructive for Mediobanca.
Mediobanca, Speaker: Alberto Nagel Group CEO
