Rome, July 25, 2025 (AFP) - Mediobanca says Italy won't stand in way of its Banca Generali bid

NAMPA / AFP

2025-07-25

Italy's Mediobanca said Friday the government had decided not to exercise its special "golden powers" that could have hampered the bank's planned takeover of wealth management firm Banca Generali. Italy's so-called "golden powers" provision allows the government to set certain restrictive conditions on takeovers in strategic sectors, such as banking. In a brief statement, Mediobanca said Italy's cabinet office had told it that it intended "not t......

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