Market
What will be the impact of the MPS takeover on Assicurazioni Generali's control dynamics by end of 2025?
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MPS•Mediobanca•Italy•Italian•Delfin•Francesco Gaetano Caltagirone•Caltagirone•Assicurazioni Generali
Resolution / Starting Odds
Significant impact • 25%
Moderate impact • 25%
Minimal impact • 25%
No impact • 25%
Official announcements from Assicurazioni Generali, financial news outlets
Story
MPS Launches €13.3 Billion Hostile Takeover Bid for Mediobanca, Aiming for Third-Largest Bank
Jan 24, 2025, 09:16 AM
Banca Monte dei Paschi di Siena (MPS) has launched a €13.3 billion takeover bid for Mediobanca, aiming to create Italy's third-largest banking group. The offer, which values Mediobanca at 13.3 billion euros, proposes a 5.03% premium over the closing price of Mediobanca shares on the previous day. MPS plans to offer 23 of its shares for every 10 shares of Mediobanca. The move is seen as a strategic effort to consolidate Italy's banking sector, with MPS stating that the merger would generate significant synergies and enhance profitability. The Italian government, holding an 11.7% stake in MPS, has been involved in the bank's search for new partners following a bailout in 2017. Key shareholders in both banks, including Delfin and Francesco Gaetano Caltagirone, are pivotal in this operation, with Delfin holding a 9.8% stake in MPS and a 19.8% stake in Mediobanca, while Caltagirone holds 5% in MPS and 7.8% in Mediobanca. The takeover bid is considered hostile by Mediobanca's management, and it could impact the control dynamics of Assicurazioni Generali, where Mediobanca is a major shareholder.
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Yes • 50%
No • 50%
Successful takeover • 25%
Offer withdrawn • 25%
Offer modified • 25%
Offer rejected • 25%
Increase > 10% • 25%
Increase ≤ 10% • 25%
Decrease ≤ 10% • 25%
Decrease > 10% • 25%
MPS Withdraws Bid • 25%
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Bid Rejected • 25%
Revised Offer Accepted • 25%
Mediobanca exits stake in Generali • 25%
Increase in Mediobanca's stake in Generali • 25%
Decrease in Mediobanca's stake in Generali • 25%
No change in Mediobanca's stake in Generali • 25%
Approved and completed • 25%
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Crédit Agricole gains control • 25%
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Banco BPM remains independent • 25%
UniCredit gains control • 25%
No decision reached • 25%
Rejected by all major stakeholders • 25%
Approved by all major stakeholders • 25%
Approved by some, rejected by others • 25%
Both increase stakes • 25%
Delfin increases stake • 25%
Caltagirone increases stake • 25%
No change in stakes • 25%