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On Friday, he launched an All-Share acquisition offer of 13.3 billion euros ($ 13.95 billion) of 13.3 billion euros ($ 13.95 billion) for a larger domestic partner) for a larger domestic partner Mediabonca.
Offering 23 of his shares for 10 of his acquisition objective, Monte Dei Paschi values the actions of Mediacobanca in approximately € 15,992 each, a 5% premium at the near price of January 23.
The Equity of Monte Dei Paschi was worth 8.7 billion euros at the end of January 23, while the capitalization of the Mediobanca market stood at 12.3 billion euros, according to data data.
Monte Dei Paschi, the oldest bank in the world, required a state rescue in 2017 after years of paralyzing losses, but has turned the tides of its fortunes under the leadership of Unicredit Veteran Luigi Lovaglio.
The offer adds to an image of the heating appetite in the Banking and Financial Services sector in Italy, where the second largest bank in the country, Unicredit, previously offered to buy. BPM Bankwhich in turn seeks to acquire the Fund Administrator Anima Holding.
– Ganesh Rao de CNBC contributed to this report.
This last -minute news is being updated.
