Mediobanca’s general manager predicts an 80% take-up in Monte dei Paschi di Siena’s bid for the merchant bank, making a merger inevitable. Vinci reassured staff that MPS values the acquisition and will preserve Mediobanca. With 62% ownership already, the take-up is expected to rise after the tender period reopens on September 16. The merger would give Mediobanca shareholders over 60% ownership. Vinci emphasized the lack of overlap between the two banks, highlighting potential synergies. Employees were urged to reassure customers and were assured of job preservation.

Read more at Yahoo Finance: Mediobanca GM says take-up in Monte dei Paschi bid to reach 80%, lead to merger