Milan, Italy, Sept 8, 2025 (AFP) - Italy's MPS bank takes over rival Mediobanca: local media

NAMPA / AFP

2025-09-08

Italy's Monte dei Paschi di Siena (MPS) bank has acquired a controlling stake in rival Mediobanca after launching a hostile public takeover offer, Italian news agencies Ansa and Radiocor reported. MPS, the world's oldest bank, has acquired a 62.3 percent of the share capital of its larger rival in the first round of the share offer, according to stock exchange data, as it seeks to create the country's third largest banking group. MPS surpassed la......

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