From CNBC: 2025-04-08 01:31:00

Monte dei Paschi di Siena plans to acquire Mediobanca for 13 billion euros despite market turbulence. The world’s oldest bank faced challenges, was bailed out in 2017, and now aims for expansion. Some companies delay deals due to market volatility. Analysts are divided on potential benefits of the merger. CEO remains confident in the deal’s fair price and aims to complete it by July.

Monte dei Paschi’s offer for Mediobanca is part of Italian banking consolidation efforts. UniCredit offered to buy Banco BPM for 10 billion euros. CEO sees this as the first phase of consolidation. Combining Monte dei Paschi with Mediobanca aims to make the bank a major player in the industry.

Read more: Market volatility won’t impact Mediobanca deal: Monte dei Paschi CEO