Logo Branch of the Premier Bank of Mediobanac in Brescia in Italy on Friday, January 24, 2025.
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Shareholders of the Italian lender Osdiobank On Tuesday he rejected an offer to take over 13 billion billion than a smaller domestic peer Monte dei Paschiin the middle of the rank in the consolidation of bids in the Italian banking sector.
“The offer is deprived of industrial and financial explanation and is therefore destructive for Mediobanac,” the lender said in a statement.
The company has added that the proposal has no industrial value, compromises identity and business profile of Mediobance and business profile, as well as winnings for shareholders and lenders and Monte dei Paschi “, given the likelihood of a significant loss of customers in these business areas (such as wealth management and investment banking ) who require professionals who are independent and high standing and professionalism. “
CNBC reached for Monte dei Paschi to comment.
The oldest bank in the world, unexpectedly saved Monte dei Paschi (MPS) Launched a proposal to download all shares For Mediobanac (MB) on Friday, offering 23 its shares for 10 goals for the acquisition and evaluation of the Mediobance shares at 15,992 euros each – or 5% of the premium to the close price from January 2nd. Some analysts have questioned synergy that could derive from the Union of two banks, with notes about Barclays on January 27, indicating that “these complementarity, triggers of the creation of values and generally the MPS strategy at MB are still clear.”
Tuscan Monte dei Paschi, who demanded the rescue of the state in 2017, after years of losses, has long been a child of posters of problems in the Italian banking sector, before the rapid turn in his richness after he appointed Unicredit veteran Luigi lovaglio in 2022. bank.
The Italian government has long sought to privatize the lender, but retained the 11.73% stake after dilating up his position last year. Monte dei Paschi investors include Mediobanci shareholders such as Business tycoon Francesco Gaetano Caltagirone and Delfin – Holding Company Late Bilian Leonard Del Vecchia, which increased its share of MPS to 9.78% of January.
Roman government Giorgia Meloni has long tried to find a partner for Monte dei Paschi, who was once killed as a potential goal of acquisition Univendite Until talks did not break up in 2021. Last year, the third largest lender bank BPM bought 5% of the share in Monte dei Paschi of the Government. But unicredit Surprise $ 10.5 billion on offer For Banco BPM, in November, he paralyzed any potential further moves on MPS, pushing Rome into the corner and inserted the Unicredit Andrea Orcel director against meloni.
Back in September, Unicredit also unexpectedly spread wings with roles in a German lender CommerzbankAsk questions about potential ambitions of cross -border consolidation.
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