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On Friday, Italy’s rescued Monte Day Paci De Siena launched an offer for all shares of 13.3 billion euros ($ 139.5 billion) for a larger domestic friend’s Medio Banka.
MONTE DEI PASCHI (MPS) shares decreased by 5.74 % in London time at 9:43 am, and Mediobanca increased by 6.28 %.
MONTE DEI PASCHI provides 23 shares of the acquisition goals, evaluating Mediobanca shares of about 15.992 euros, respectively, and is a 5 % premium than the closest price on January 23.
According to the factors data, the capital of Monte Day Pastes was worth 8.7 billion euros at the end of January 23, and the market capitalization of Mediobanca was € 12.3 billion.
CNBC contacted Mediobanca for comments.
Monte Day Past, the world’s oldest bank, demanded states in 2017 after many years of loss, but has changed the tide of its fate under the leadership of Veteran Luigi Lovaglio in UNICREDIT. Ta. The Italian government holds 11.73 % of the lenders.
“This transaction may contribute to completing the dynamics of Italian financial systems in a strong integration context,” said the Italian bank union, according to a CNBC translation. Ta. “The parliamentarians at the center of the historic complex event are now in an ambitious direction. This bidding has confirmed that the MP has completely recovered.”
Friday offers will be added to the M & A appetite heating in the Italian bank and financial service category. In this sector, the second largest bank, UNICREDIT, has offered to buy Banco BPM. MONTE DEI PASCHI itself was the potential for UNICREDIT’s potential acquisition goal until the consultation collapsed in 2021.
-CNBC’s Silvia Amaro and Ganesh Rao have contributed to this report.
This fast news article has been updated.
