Published by Global Banking & Finance Review®
Posted on July 7, 2025
1 min readLast updated: January 23, 2026
Add as preferred source on GoogleMediobanca will review Monte dei Paschi's unsolicited takeover offer on Friday, following the approval of the bid prospectus by Consob.
MILAN (Reuters) -The board of Mediobanca will gather on Friday to discuss an unsolicited takeover offer by rival Monte dei Paschi di Siena and give formal advice to shareholders, a person with knowledge of the matter said on Monday.
Mediobanca has slammed the offer as hostile. But under Italian takeover rules, the board of a target company can take an official stance on a takeover bid only after the investor document for the offer becomes public.
The prospectus for the Monte dei Paschi bid was published last week after approval by markets watchdog Consob. The offer is due to start on July 14.
(Reporting by Gianluca Semeraro; Editing by Valentina Za)
The board of Mediobanca will gather to discuss an unsolicited takeover offer by Monte dei Paschi di Siena and provide formal advice to shareholders.
Mediobanca has criticized the offer as hostile, indicating their opposition to the takeover bid.
The offer from Monte dei Paschi is set to commence on July 14, following the publication of its prospectus.
The market watchdog Consob approved the prospectus for the Monte dei Paschi bid, which is a necessary step in the takeover process.
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