Editorial & Advertiser disclosure

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Home > Finance > Mediobanca to give formal opinion on Friday on Monte dei Paschi's bid, source says

Finance

Mediobanca to give formal opinion on Friday on Monte dei Paschi's bid, source says

Published by Global Banking and Finance Review

Posted on July 7, 2025

Featured image for article about Finance

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)

More from Finance

Explore more articles in the Finance category

Italian judge drops Genoa dam case against Webuild CEO

ECB's Lagarde 'fully confident' EU will agree reparation loan plan for Ukraine

ECB keeps rates unchanged, turns more positive on economy

Austria's top court rules Meta's ad model illegal, orders overhaul of user data practices in EU

Salzgitter takes legal action against Thyssenkrupp over HKM joint venture

Lovable valued at $6.6 billion in latest funding round as AI coding demand surges

Israel, Germany sign $3.1 billion contract expansion for Arrow air defence system

Britain imposes more sanctions on Russia's energy sector

Asked about NATO, Zelenskiy says Ukraine should not change its constitution

Equals Money | Railsr partners with Okta to secure AI-driven payments

France drafts in army for cattle vaccination to defuse farmer protests

Russia orders Russian Railways to sell $2.4 billion Moscow Towers to pay debts, three sources say

View All Finance Posts