Finance
Monte dei Paschi secures 62% of Mediobanca, paving way for CEO Nagel's exit
Published by Global Banking and Finance Review
Posted on September 8, 2025
1 min readLast updated: January 22, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on September 8, 2025
1 min readLast updated: January 22, 2026
Monte dei Paschi secures a 62% stake in Mediobanca, prompting CEO Nagel's departure as MPS targets a two-thirds majority.
MILAN (Reuters) -Monte dei Paschi di Siena has secured 62% of Mediobanca, bourse data showed on Monday, paving the way for a shake-up at the helm of the bid target where long-standing CEO Alberto Nagel is preparing to step down.
Reuters reported last week Nagel would leave his post at the head of the merchant bank, which he has held since 2008, if Monte dei Paschi (MPS) secured a majority of Mediobanca's capital.
The offer will run for a further week from September 16, giving MPS a chance to get closer to the two-thirds majority targeted by its Chief Executive Luigi Lovaglio.
(Reporting by Valentina Za and Gianluca SemeraroEditing by Keith Weir)
Monte dei Paschi has secured 62% of Mediobanca, according to bourse data.
Alberto Nagel, who has been the CEO of Mediobanca since 2008, is expected to leave his position.
The offer will run for a further week from September 16, allowing MPS to aim for a two-thirds majority.
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