Market
How will the shareholding structure of Monte Paschi change post-takeover by end of 2025?
2
Mediobanca SpA•Italy•Mediobanca•Monte Paschi•Delfin•Leonardo Del Vecchio•Francesco Gaetano Caltagirone•Generali
Resolution / Starting Odds
Delfin increases stake • 25%
Caltagirone increases stake • 25%
Both increase stakes • 25%
No change in stakes • 25%
Shareholder announcements, financial reports from Monte Paschi
Story
Monte Paschi Launches €13.3 Billion ($13.9 Billion) Takeover Bid for Mediobanca
Jan 24, 2025, 07:06 AM
Banca Monte dei Paschi di Siena SpA has launched a €13.3 billion ($13.9 billion) all-share takeover bid for Mediobanca SpA, marking a significant move in Italy's banking sector. The offer, which represents a 5% premium over Mediobanca's closing price on the previous day, involves exchanging 23 Monte Paschi shares for every 10 Mediobanca shares. This bid is part of a complex saga involving major shareholders like Delfin, the holding company of the late billionaire Leonardo Del Vecchio, and fellow tycoon Francesco Gaetano Caltagirone, who have stakes in both banks and insurer Generali. Monte Paschi's move comes after years of restructuring and a 2017 bailout, aiming to create a new national banking champion by combining Monte Paschi's commercial banking with Mediobanca's investment banking expertise.
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Decrease in Delfin's shareholding • 25%
No change in Delfin's shareholding • 25%
Delfin exits shareholding • 25%
Increase in Delfin's shareholding • 25%
Rejected • 33%
Postponed • 34%
Approved • 33%
No decision reached • 25%
Approved by all major stakeholders • 25%
Rejected by all major stakeholders • 25%
Approved by some, rejected by others • 25%
No • 50%
Yes • 50%
Yes • 50%
No • 50%
Third-largest • 25%
Second-largest • 25%
Largest • 25%
Other • 25%
Bid Rejected • 25%
Successful Merger • 25%
MPS Withdraws Bid • 25%
Revised Offer Accepted • 25%
Successful takeover • 25%
Offer withdrawn • 25%
Offer modified • 25%
Offer rejected • 25%