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Delisting · Italy · Mediobanca · Monte Dei Paschi
Monte dei Paschi di Siena (MPS) has officially announced its decision to take full control of Mediobanca and proceed with its delisting from the stock exchange, concluding weeks of speculation regarding the investment bank's future.
MPS, which underwent reprivatisation between 2023 and 2024 following a state bailout in 2017, had previously acquired an 86% stake in Mediobanca. The move to fully integrate and delist Mediobanca was confirmed by MPS's board on Tuesday, despite reports of internal divisions and opposition from some directors, including representatives of investor Francesco Gaetano Caltagirone.
Following the delisting, Mediobanca will be merged into the MPS group, with a new unlisted entity established to house its private and investment banking activities under the Mediobanca brand. This new entity will also assume control of Mediobanca’s 13% stake in Italian insurer Generali, making it Generali’s largest investor.
MPS is scheduled to unveil its comprehensive strategic plan for the combined group on February 27.
MPS Delists Mediobanca, Consolidating Investment Banking and Becoming Generali's Top Shareholder(current)