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MPS CEO says hard to say when it may make sense to sell the Generali stake - Finance news and analysis from Global Banking & Finance Review
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MPS CEO says hard to say when it may make sense to sell the Generali stake

Published by Global Banking & Finance Review

Posted on May 12, 2026

1 min read

· Last updated: May 12, 2026

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MPS CEO Comments on Potential Sale of Generali Stake and Strategic Implications

Overview of Monte dei Paschi's Position on Generali Stake

MILAN, May 12 (Reuters) - Monte dei Paschi is not tied to the stake it holds in insurer Generali, CEO Luigi Lovaglio said on Tuesday, though he added he had not had time to consider scenarios that might justify a sale.

Significance of the Generali Stake for MPS

Speaking on a post-results analyst call, Lovaglio said the Generali stake remained a useful, non-essential holding that provides a diversified revenue stream as well as flexibility for potential operational partnerships.

Potential Scenarios for Disposal

Asked about possible disposal scenarios, he said his focus on the Mediobanca integration process had left little room to assess the issue. As a result, he could not say under what circumstances it would be "logical or profitable" for MPS to sell the holding.

Reporting and Editorial Credits

(Reporting by Valentina Za, Editing by Louise Heavens)

Key Takeaways

  • The Generali stake (around 13%) remains a non‑core holding offering diversified revenue and potential operational partnerships (generali.com).
  • Lovaglio has not evaluated disposal options because his priority has been the Mediobanca integration process (zonebourse.com).
  • Market speculation in late April suggested a potential sale to fund a Banco BPM deal, valued at roughly €7.4 billion, but MPS swiftly denied any such plans (finanza.repubblica.it)

References

Frequently Asked Questions

Is Monte dei Paschi planning to sell its stake in Generali?
Currently, there are no immediate plans to sell the Generali stake, as the CEO has not had time to consider scenarios where it would make sense.
Why does MPS hold a stake in Generali?
The stake provides a diversified revenue stream and offers flexibility for potential operational partnerships.
What factors affect the decision to sell the Generali stake?
CEO Luigi Lovaglio stated that any decision would depend on logical or profitable circumstances, but has yet to assess specific scenarios.
Is the Generali stake considered an essential asset for MPS?
The Generali stake is considered useful but non-essential by MPS CEO Luigi Lovaglio.

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