Finance
Italian Banking M&A Wave Is Sweeping UniCredit to Mediobanca
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Italian finance has been in turmoil since late last year, with one new deal proposal chasing the next almost on a monthly basis.
Domestic consolidation has increasingly taken center stage. Mediobanca SpA’s April 28 offer for the wealth management arm of Italian insurer Assicurazioni Generali SpA is the latest move by a lender looking to protect its position in the fragmented market.