Milan (Reuters) – Mediobanca (OTC 🙂 Board will assemble on Tuesday to consider the state -backed Monte dei paschi di siena (MPS) Italian trade bank, a person close to the situation said.
On Friday, the MPS joined the consolidation wave, which released Italian banking operations, offering a full rally to Mediobanca by offering a full rally, which was welcomed by the Italian government but surprised by analysts and investors.
In a letter sent to employees on Saturday, Mediobanca Executive Director Alberto Nagel said that the MPS offer was not agreed with the bank and that the Board expresses its views to protect the interests of all stakeholders, especially. Employees.
On Friday, a person close to the situation told Reuters that the MPS offer was not friendly, though not unexpected.
The MPS offers 23 own shares of Mediobanca every 10 promotions, which is a 5%premium compared to Thursday’s closure price. However, the MPS rallies lost 7% on Friday, which means that the offer now implies a discount on the market price of 1.2 billion euros.
($ 1 = 0.9530 euros)