Published by Global Banking and Finance Review
Posted on July 29, 2025
1 min readLast updated: January 22, 2026
Delfin continues to evaluate Monte Paschi's bid for Mediobanca, with potential bid adjustments making it more appealing to investors.
ROME (Reuters) -Mediobanca's biggest investor, Delfin, will continue to assess Monte dei Paschi's "very interesting" offer for the merchant bank, the chairman of the holding said on Tuesday.
"Any possible adjustment in the bid which will reflect Mediobanca's market price would make the offer more attractive for investors," Francesco Milleri said in an interview with Italian daily Corriere della Sera.
Delfin, the holding company of late Ray-Ban billionaire Leonardo Del Vecchio, owns 19.8% in Mediobanca and 9.866% in Monte dei Paschi.
Earlier this month, Mediobanca renewed its opposition to MPS' 14.6 billion euro ($16.92 billion) takeover offer, saying the price was "totally inadequate" and some 32% lower than what the bank's board deemed fair.
Delfin became investor in Monte dei Paschi when the Italian Treasury in November sold a stake in the bank.
($1 = 0.8631 euros)
(Reporting by Giancarlo Navach, writing by Giulia Segreti, editing by Cristina Carlevaro and Harikrishnan Nair)
An investment is an asset or item acquired with the goal of generating income or appreciation. It can include stocks, bonds, real estate, and other financial instruments.
Equity refers to the ownership value in an asset or company, often represented by shares of stock. It indicates the residual interest in the assets of a company after deducting liabilities.
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