Paschi was surprised to provide 13 billion euros for Mediobanca

Banca Monte Dei Paschi Di Siena Siena SPA proposed that it has obtained greater competitors Mediobanca SPA with a full shared agreement of 13.3 billion euros, which is a series of latest accidental turning in the Italian banking acquisition attempt.

According to a statement on Friday, Monte Paschi provides 23 new shares in Mediobanca every 10 copies, which confirms Bloomberg’s earlier report. Monte Paschi said in a statement that the bank’s shares were 15.992 euros per share, which means that the closing price on Thursday was 5 %.

Milanca increased by 3.8 % in Milan on Friday, while Monte Pasky fell 10 %.

KBW Analyst Hugo Cruz said in a reaction instructions: “We think the collaborative potential between the two banks is limited.” “” ”

The surprising announcement has increased the cyclone that has gone across Italy over the past few months. The country’s third largest lender Banco BPM SPA is willing to purchase a domestic asset manager Anima Holding SPA in November. Only when the Unicredit SPA bids for a few weeks, it becomes the target.

Among some of the largest financial services companies in Italy, two billionaire clans, Del Vecchios and Francosto Gaetano Caltagirone, Del Vesco Gaetano The cross -networks in some largest financial services companies in Italy have become complicated. These two families are the main shareholders of Montpas and McGaba.

People who are familiar with this say that McGaba may oppose bidding and consider various counterattacks. The company is led by CEO Alberto Nagel. He survived in his previous efforts to expel his Del Vecchios and Caltagirone To.

Mediobanca’s representative refused to comment.

The Italian government plays a key role because it has been seeking the use of Monte Pasky’s privatization so that the country’s two major banks in the country’s Unicredit and Intesa Sanpaolo SPA have established domestic confrontation. In the past 18 months, after various positions, Rome has still held about 11.7 % of the shares in Monte Paschi.

Monte Paschi said in a Friday statement that the proposed Mediobanca acquisition will create a new bank “the top three institutions in total assets.” The lender headquarters in Siena is expected to save about 300 million euros each year.

In the past 12 months, Monte Paschi’s stock price has increased by more than doubled. As of Thursday, the market value is about 8.8 billion euros. During the same period, Mediobanca’s stock rose 28 %, with a market value of about 12.7 billion euros.

Delfin Sarl, a family holding company, who has already raised its shares in Monte Paschi to 9.8 % at the home holding company of Leonardo Del Vecchio. The influence is to shape any transaction involving the lending party. It is also the largest shareholder of Mediobanca, accounting for 19.8 %.

Caltagirone has 7.8 % in Mediobanca, and Monte Paschi has 5 %.

The statement said that Monte Paschi’s bidding for Mediobanca was assisted by JPMorgan Chase (JPMorgan Chase & CO) and UBS Group Ag.

This article is generated from the Summary of the Automation News Agency without modifying the text.