Finance
Monte dei Paschi investors should back bid for Mediobanca, Glass Lewis says
Published by Global Banking & Finance Review®
Posted on April 3, 2025
1 min readLast updated: January 24, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on April 3, 2025
1 min readLast updated: January 24, 2026
Glass Lewis advises Monte dei Paschi shareholders to support the Mediobanca takeover, citing strategic and financial benefits despite potential risks.
MILAN (Reuters) -Leading governance adviser Glass Lewis has recommended shareholders in Monte dei Paschi (MPS) back a takeover bid for Mediobanca, by approving issuing the necessary shares in a vote scheduled on April 17.
"We readily acknowledge that the proposed combination of Mediobanca with MPS carries identifiable execution risks, particularly in terms of cultural integration and the potential disruption to Mediobanca's franchise," it wrote in its report for MPS' annual general meeting.
"Overall, we believe MPS has presented a coherent strategic and financial rationale to justify proceeding with its efforts to acquire Mediobanca," it said.
(Reporting by Valentina Za, editing by Alvise Armellini)
The main topic is Glass Lewis recommending Monte dei Paschi shareholders to support a takeover bid for Mediobanca.
The risks include execution challenges, cultural integration, and potential disruption to Mediobanca's franchise.
Glass Lewis is a leading governance adviser providing recommendations to shareholders.
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