Published by Global Banking & Finance Review®
Posted on January 29, 2025
1 min readLast updated: January 27, 2026
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FABI union expects no redundancies from the MPS-Mediobanca deal, part of the Italian banking consolidation trend.
MILAN (Reuters) - Italian banking union FABI does not expect redundancies from a potential deal between Banca Monte dei Paschi (MPS) and Mediobanca, its head Lando Maria Sileoni said on Wednesday.
Last week, MPS joined the consolidation wave sweeping Italian banking with a 13.3 billion euro ($13.96 billion) all-share offer to buy Mediobanca, which was welcomed by the Italian government, but puzzled analysts and investors.
(Reporting by Gianluca Semeraro; editing by Cristina Carlevaro)
The FABI union does not expect redundancies from the potential deal between Banca Monte dei Paschi and Mediobanca.
MPS made a 13.3 billion euro ($13.96 billion) all-share offer to buy Mediobanca.
The deal was welcomed by the Italian government, indicating support for the consolidation in the banking sector.
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