Mediobanca shareholder Caltagirone sees no value in Banca Generali bid
Published by Global Banking & Finance Review®
Posted on May 30, 2025
1 min readLast updated: January 23, 2026
Published by Global Banking & Finance Review®
Posted on May 30, 2025
1 min readLast updated: January 23, 2026
Caltagirone criticizes Mediobanca's Banca Generali acquisition, stressing the need for customer value in bank mergers.
ROME (Reuters) -Mediobanca and Generali shareholder Francesco Gaetano Caltagirone on Friday expressed a negative view on the lender's proposed acquisition of the insurer's private banking unit Banca Generali.
Caltagirone was speaking on the sidelines of the presentation of the Bank of Italy's annual report, where Governor Fabio Panetta said bank mergers had to create value, "first and foremost" for customers.
(Reporting by Valentina Za, writing by Alvise Armellini, editing by Giulia Segreti)
Caltagirone expressed a negative view on Mediobanca's proposed acquisition of Banca Generali's private banking unit.
He was speaking at the presentation of the Bank of Italy's annual report.
Governor Fabio Panetta stated that bank mergers must create value, primarily for customers.
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