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Mediobanca to give formal opinion on Friday on Monte dei Paschi's bid, source says

Published by Global Banking & Finance Review

Posted on July 7, 2025

1 min read

· Last updated: January 23, 2026

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Mediobanca to give formal opinion on Friday on Monte dei Paschi's bid, source says
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MILAN (Reuters) -The board of Mediobanca will gather on Friday to discuss an unsolicited takeover offer by rival Monte dei Paschi di Siena and give formal advice to shareholders, a person with

Mediobanca to Review Monte dei Paschi's Takeover Offer on Friday

MILAN (Reuters) -The board of Mediobanca will gather on Friday to discuss an unsolicited takeover offer by rival Monte dei Paschi di Siena and give formal advice to shareholders, a person with knowledge of the matter said on Monday.

Mediobanca has slammed the offer as hostile. But under Italian takeover rules, the board of a target company can take an official stance on a takeover bid only after the investor document for the offer becomes public.

The prospectus for the Monte dei Paschi bid was published last week after approval by markets watchdog Consob. The offer is due to start on July 14.

(Reporting by Gianluca Semeraro; Editing by Valentina Za)

Key Takeaways

  • Mediobanca's board to review Monte dei Paschi's offer.
  • The offer is considered hostile by Mediobanca.
  • Italian rules allow official stance post-prospectus publication.
  • Consob approved the bid prospectus last week.
  • The takeover offer starts on July 14.

Frequently Asked Questions

What is the purpose of Mediobanca's board meeting on Friday?
The board of Mediobanca will gather to discuss an unsolicited takeover offer by Monte dei Paschi di Siena and provide formal advice to shareholders.
How has Mediobanca responded to the takeover offer?
Mediobanca has criticized the offer as hostile, indicating their opposition to the takeover bid.
When is the Monte dei Paschi bid expected to start?
The offer from Monte dei Paschi is set to commence on July 14, following the publication of its prospectus.
What role does Consob play in this takeover process?
The market watchdog Consob approved the prospectus for the Monte dei Paschi bid, which is a necessary step in the takeover process.

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