MPS hostile Public Exchange Offer for Mediobanca
Mediobanca rejects MPS’s takeover bid not agreed and strongly destructive of value.
The Board of Directors of Mediobanca, which met on 11 July 2025, approved the “Issuer’s Notice” pursuant to art. 103 in relation to the voluntary public exchange offer promoted by Banca Monte dei Paschi di Siena over all outstanding Mediobanca shares.
The Board of Directors, following a careful evaluation of the terms and conditions as described in the “Offer Document” published by MPS on 3 July 2025 and other available information, and taking into account the risk and uncertainties highlighted by MPS in the aforementioned Offer Documentation, believes that the MPS Offer to be hostile and not agreed, lacking industrial rational as well lacking in convenience for Mediobanca’s shareholders.
The Board of Directors of Mediobanca also believes that the consideration offered by MPS is not fair and completely not convenient.
Mediobanca, Speaker: Alberto Nagel Group CEO
