Published by Global Banking & Finance Review®
Posted on August 20, 2025
1 min readLast updated: January 22, 2026
Mediobanca shareholders will vote on a €6.8B acquisition of Banca Generali, aiming to become Italy's second-largest wealth manager.
MILAN (Reuters) -Mediobanca shareholders representing around 77%-78% of the Italian bank's share capital are expected to attend a meeting on Thursday to decide on a Banca Generali deal, a source close to the merchant bank said on Wednesday.
A close shareholder vote is expected on Mediobanca CEO Alberto Nagel's proposed 6.8 billion euro ($7.9 billion) acquisition of Banca Generali to create Italy's second-largest wealth manager.
For the CEO's proposal to pass, at least 50% of the capital attendance at the meeting is needed.
Merchant bank Mediobanca made the move for Banca Generali as it seeks to thwart a takeover bid from state-backed Monte dei Paschi di Siena in a consolidation wave sweeping Italian banking.
(Reporting by Andrea Mandala, writing by Sara Rossi, editing by Elaine Hardcastle)
An acquisition is a corporate action in which one company purchases most or all of another company's shares to gain control of that company.
Equity represents ownership in a company, typically in the form of shares. It signifies the amount of ownership a shareholder has in a company.
Capital markets are financial markets where long-term debt or equity-backed securities are bought and sold, facilitating the raising of capital for businesses.
Investment management is the professional management of various securities and assets to meet specified investment goals for the benefit of investors.
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