Published by Global Banking & Finance Review®
Posted on June 10, 2025
1 min readLast updated: January 23, 2026
Add as preferred source on GoogleBanca Mediolanum sees no impact from Mediobanca's bid for Banca Generali, with CEO Massimo Doris highlighting strong sector performance.
MILAN (Reuters) -Italian asset manager Banca Mediolanum sees no impact on its business whatever the outcome of merchant bank Mediobanca's bid for private bank Banca Generali, its CEO Massimo Doris said on Tuesday.
Banca Mediolanum is one of the biggest shareholders in Mediobanca.
"Whether they merge or not does not affect Banca Mediolanum either way. We operate in a sector that is performing very well," Doris told television channel Sky TG24.
Mediobanca in April proposed buying Banca Generali from insurer Generali as it seeks to stave off a buyout bid from Monte dei Paschi di Siena (MPS).
Doris said proxy advisers were all in favour of the Mediobanca-Banca Generali deal, while they were split over MPS' bid for Mediobanca.
Under Italian corporate takeover rules, Mediobanca must seek shareholders' approval to pursue the Banca Generali deal, and has called a meeting for June 16 to vote on the plan.
(Reporting by Gianluca Semeraro, editing by Gavin Jones)
Banca Mediolanum sees no impact on its business from Mediobanca's bid for Banca Generali, according to CEO Massimo Doris.
Doris stated that the sector is performing very well, indicating that the outcome of the Mediobanca-Banca Generali deal will not affect Banca Mediolanum.
Under Italian corporate takeover rules, Mediobanca must seek shareholders' approval to pursue the Banca Generali deal.
Mediobanca has called a shareholders' meeting for June 16 to vote on the plan regarding the acquisition of Banca Generali.
Doris mentioned that proxy advisers are all in favor of the Mediobanca-Banca Generali deal, while opinions are split regarding MPS' bid for Mediobanca.
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