Mediobanca plans $5.7bn payout to shareholders to resist MPS takeover bid

From Yahoo Finance: 2025-06-30 09:49:00

Italian investment bank Mediobanca plans to distribute $5.74bn to shareholders to fend off a hostile takeover bid from Banca Monte dei Paschi di Siena. Mediobanca rejected MPS’s €13.3bn buyout offer, citing it as destructive and lacking rationale for shareholders. MPS is preparing to launch an all-share bid for Mediobanca next month.

As part of its strategy, Mediobanca proposed acquiring private bank Banca Generali in April to strengthen its position. A shareholder vote on the acquisition was postponed to September 25 due to growing opposition. The bank’s three-year plan aims to expand wealth management and increase net profit by 45% to €1.9bn.

Mediobanca projects revenues to grow at an average annual rate of 6%, exceeding €4.4bn. The bank’s prior plan targeted returning over €4bn to shareholders by 2026 and issuing up to €750m in Additional Tier 1 bonds under the new strategy. The updated plan emphasizes wealth management, supported by investment banking and consumer finance.



Read more at Yahoo Finance: Mediobanca plans $5.7bn shareholder payout to thwart MPS takeover