Italy's Monte dei Paschi di Siena said it would complete the merger with Mediobanca by the end of the year and target a profit of €3.7 billion for the combined group in 2030.

Italy's Monte dei Paschi di Siena said on Friday it would complete the merger with Mediobanca by the end of the year ...

The bank said it expects to complete the Mediobanca integration this year and has guided for revenue to grow 4.6% annually to reach €9.5 billion by 2030.

This move will end Mediobanca’s presence as an independent listed company, concluding its role as a major banking institution ...

Shares in Mediobanca rose after majority-owner Banca Monte dei Paschi di Sienna said it would delist the Italian investment ...

Italy will not join MPS’s board slate despite a 4.9% stake, while CEO Luigi Lovaglio seeks reappointment. A shortlist is due ...

The merger and Mediobanca delisting marks a turning point in the years-long Italian financial saga. A complex web of crossholdings and the government’s role has influenced a series of unexpected ...

MPS built an 86% stake in Mediobanca last year through a roughly $19 billion transaction. The size of that holding had raised questions about the rationale for keeping Mediobanca ...

Mediobanca delayed a shareholder meeting to vote on its takeover bid for Banca Generali to give insurer Assicurazioni Generali, majority owner of Banca Generali, time to evaluate the proposal. Some ...

MILAN, Feb 17 (Reuters) - Monte dei Paschi di Siena (MPS) will take full control of Mediobanca and delist it while preserving its brand, ending weeks of uncertainty over the future of the merchant ...

Mediobanca shareholders rejected a roughly €7bn proposal to acquire wealth manager Banca Generali in a pivotal vote on Thursday. The Milanese bank said that 35% of investors accepted the proposal, ...

Italy's Monte dei Paschi di Siena said on Friday it would complete the merger with Mediobanca by the end of the year and aim to reach a profit of 3.7 billion euros ($4.4 billion) for the combined ...