Finance
Monte Paschi Wins Control Over Mediobanca With 62% of Shares
The deal closes the chapter on Mediobanca’s role as Italy’s largest independent listed investment bank.
Photographer: Giuliano Berti/BloombergBanca Monte dei Paschi di Siena SpA has won over more than half of Mediobanca SpA’s voting rights, effectively giving it control over the Italian investment bank.
Mediobanca investors have tendered 62.3% of the shares for Monte Paschi’s unsolicited bid, according to a filing that confirmed an earlier Bloomberg News report.