Market turbulence will not impact Mediobanca deal, Monte dei Paschi CEO says

For CEO Lovaglio, market turmoil will not affect the transaction to be closed by July. The shareholders' meeting is scheduled for the 17th: yes to the capital increase from Caltagirone, Delfin and Tesoro. EU letter to Italy: clarifications on golden power for Unicredit-BPM. The war on tariffs will not stop the OPS...

Market turbulence will not impact Mediobanca deal, Monte dei Paschi CEO says

Monte dei Paschi di Siena downplayed the potential impact of ongoing market turbulence on its 13-billion-euro offer for Mediobanca, telling CNBC it expects to complete the deal this summer.

Market turbulence will not impact Mediobanca deal, Monte dei Paschi CEO says - Business Fast

Siena, ITALY — Monte dei Paschi di Siena is holding firm on its plans to acquire Mediobanca for 13 billion euros ($14.3 billion) despite ongoing market turbulence, telling CNBC it will complete the deal in July. The world’s oldest bank still in operation, surprised investors in January by making an all-share offer for Mediobanca, a prestigious institution focused on wealth management and investment banking. Mediobanca has rejected the proposal, …