Monte dei Paschi makes 13-billion-euro bid for Mediobanca as M&A appetite heats up in Italian banking

Published On Jan 24, 2025, 4:22 AM

Monte dei Paschi di Siena has launched a €13.3 billion all-share takeover offer for Mediobanca, valuing Mediobanca at approximately €15.99 per share, which is a 5% premium over its recent closing price. This move reflects a growing trend of mergers and acquisitions in the Italian banking sector, as Monte dei Paschi aims to fortify its position after a significant turnaround led by its new management. The potential acquisition suggests an interest in consolidating resources and improving financial resilience in the industry.