(Alliance News) – Following the public exchange offer (OPAS) on Mediobanca, which raised its stake to 86.3%, MPS is redefining its internal balance, as reported by Il Corriere della Sera on Wednesday.
“We have created the third largest banking group,” said Chairman Nicola Maione. The largest shareholder is Delfin with approximately 18%, followed by Caltagirone at 11%–who has begun the process with the ECB to exceed the 10% threshold–and the Ministry of Economy and Finance (MEF) at 5%, while Banco BPM-Anima holds 4%, the daily continues.
On the Generali front, Mediobanca holds 13.18% and, together with Delfin and Caltagirone, approaches 30% of the share capital, with potential new institutional investors possibly joining. After years of clashes, a new phase of dialogue could open regarding the governance of the Lion of Trieste.
CEO Philippe Donnet aims to return EUR8.5 billion to shareholders over three years and to strengthen the alliance with Natixis, Il Corriere adds.
However, the agreement remains on hold pending clarity on the shareholding structure and approval to avoid tensions with the government. If the deal falls through, the EUR50 million penalty will no longer apply.
By Claudia Cavaliere, Alliance News reporter
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