Thu, January 30, 2025
Wed, January 29, 2025
Tue, January 28, 2025
[ Tue, Jan 28th ]: LAist
Insurance and wildfires
Mon, January 27, 2025
Sun, January 26, 2025
Sat, January 25, 2025
[ Sat, Jan 25th ]: mwnation
Quest for better welfare
Fri, January 24, 2025

Italy's Mediobanca, Monte dei Paschi extend losses after MPS surprise bid on merchant bank


  Copy link into your clipboard //business-finance.news-articles.net/content/202 .. ses-after-mps-surprise-bid-on-merchant-bank.html
  Print publication without navigation Published in Business and Finance on by Reuters
          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source


  Shares in Italy's Mediobanca and Monte dei Paschi (MPS) fell at market open on Monday, extending Friday's losses, after the state-backed lender launched a surprise 13.3-billion-euro ($13.93 billion) bid on the merchant bank.

The article from Reuters discusses the financial turbulence surrounding Italy's Banca Monte dei Paschi di Siena (MPS) and Mediobanca following a surprise bid by MPS for merchant banking activities. Shares of MPS fell by 7.5% after the announcement, reflecting investor concerns over the strategic direction and financial implications of the bid. Mediobanca, which has a significant stake in MPS, also saw its shares drop by 3.5%. The bid, which was unexpected, has raised questions about the future of MPS, especially after its recent 2.5 billion euro capital increase aimed at restructuring. The move is seen as an attempt by MPS to expand its operations into more lucrative areas like merchant banking, amidst ongoing efforts to recover from past financial troubles. However, the market's reaction indicates skepticism regarding the feasibility and benefits of this strategic shift.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/finance/italys-mediobanca-monte-dei-paschi-extend-losses-after-mps-surprise-bid-merchant-2025-01-27/ ]

Publication Contributing Sources