Tag: $Banca Generali

 Italy’s Monte dei Paschi di Siena launched separate all-share bids totalling about €34 billion ($40 billion) ‌for Banco BPM and Banca Generali on Friday, in an attempt to repel a hostile takeover by Intesa Sanpaolo.

Mediobanca shareholders on Thursday rejected a plan to buy Banca Generali (BIT:GASI), dealing a blow to the Italian merchant bank’s attempts to thwart a hostile takeover by Monte dei Paschi di Siena (MPS).

Lender proposes funding deal by selling its shares in country’s biggest insurer Assicurazioni Generali.