Finance
Banca Mediolanum sells entire stake in Mediobanca for about $646 million
Published by Global Banking & Finance Review®
Posted on June 30, 2025
2 min readLast updated: January 23, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on June 30, 2025
2 min readLast updated: January 23, 2026
Banca Mediolanum sold its 3.5% stake in Mediobanca for €548.4M. Morgan Stanley managed the sale. Mediobanca aims for significant growth by 2028.
MILAN (Reuters) -Italian asset manager Banca Mediolanum said on Monday has completed the sale of its entire 3.5% stake in merchant bank Mediobanca for about 548.4 million euros ($646.2 million)
Banca Mediolanum has sold its stake of 29.1 million shares via an accelerated bookbuilding process at a price of 18.85 euros per share, the bank said in a statement.
Morgan Stanley was the sole bookrunner for the placement, the statement added.
In January Banca Monte dei Paschi di Siena (MPS) announced a surprise all-share offer to buy Mediobanca. After gaining regulatory approval from the European Central Bank last week, MPS is ready to launch its bid for Mediobanca next month.
In an attempt to become too big for MPS to swallow, Mediobanca proposed in April to buy private bank Banca Generali, but was forced to delay a shareholder vote to September 25 to avoid a possible defeat after investors opposing the deal increased their holdings in the merchant bank.
Mediobanca previously said it sees net profit growing 45% over the three financial years to 2028, reaching 1.9 billion euros, and expects revenue to rise at an annual average rate of 6% to over 4.4 billion euros.
($1 = 0.8487 euros)
(Reporting by Gianluca Semeraro, Additional reporting by Chandni Shah in Bengaluru; editing by Cristina Carlevaro, Keith Weir and Stephen Coates)
Banca Mediolanum sold its entire 3.5% stake in Mediobanca.
The sale was valued at approximately 548.4 million euros, equivalent to about $646.2 million.
Morgan Stanley acted as the sole bookrunner for the placement of the shares.
The shares were sold at a price of 18.85 euros per share.
Mediobanca anticipates a net profit growth of 45% over the next three financial years, reaching 1.9 billion euros.
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