Finance
Generali enlists advisers for Mediobanca's $7.1 billion bid for Banca Generali
Published by Global Banking & Finance Review®
Posted on May 22, 2025
1 min readLast updated: January 23, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on May 22, 2025
1 min readLast updated: January 23, 2026
Generali hires advisers for Mediobanca's $7.1B bid for Banca Generali, aiming to consolidate its position in Italian finance.
MILAN (Reuters) -Italy's top insurer Generali appointed on Thursday Deloitte Financial Advisory and law firm Advant Ntcm as advisers for the bid launched by merchant bank Mediobanca for the private bank Banca Generali.
Mediobanca unveiled a plan to acquire Banca Generali, in which Generali holds a 50.2% stake, in a deal worth 6.3 billion euros ($7.1 billion), last month.
The acquisition would be financed with the shares currently held by Mediobanca in the insurer.
The Italian merchant bank, which is the biggest investor in Generali with a 13% stake, is itself seeking to ward off an unsolicited bid from smaller rival Banca Monte dei Paschi (MPS), as part of a complex web of interconnected Italian finance M&A deals.
Zaoui & Co, Morgan Stanley and BofA will advise Generali's management team on the Mediobanca offer, according to a source with knowledge of the situation.
(Reporting by Gianluca Semeraro, editing by Gavin Jones)
Generali appointed Deloitte Financial Advisory and law firm Advant Ntcm as advisers for the bid launched by Mediobanca.
Mediobanca's bid for Banca Generali is valued at 6.3 billion euros, which is approximately $7.1 billion.
The acquisition will be financed with the shares currently held by Mediobanca in Generali.
Mediobanca is the biggest investor in Generali, holding a 13% stake.
Zaoui & Co, Morgan Stanley, and BofA will also advise Generali's management team on the Mediobanca offer.
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