Milan (Reuters) – The board of Mediobanca (OTC 🙂 will meet on Tuesday to discuss an offer from the state -supported Monte dei Paschi di Siena (MPS) for the Italian trade bank, said one person who was familiar with the situation.
On Friday, MPS joined the wave of consolidation, which recorded the Italian banking system, with a 13.3 billion euros ($ 13.96 billion) comprehensive for the purchase of Mediobanca, which was welcomed by the Italian government, analysts and investors confused.
In a letter that was sent to the employees on Saturday and viewed by Reuters, Alberto Nagel, CEO of Mediobanca, said that the MPS offer had not been agreed with the bank and that the board would express its views, in particular with the aim , the interests of everyone involved to protect employees.
On Friday, a person familiar with the situation of Reuters announced that the offer from MPS was not friendly, albeit not unexpected.
MPS offers 23 own shares for 10 specified Mediobanca shares, which corresponds to a surcharge of 5 % on the closing price of Thursday. However, the MPS shares lost 7 %on Friday, which means that the offer now includes a discount of 1.2 billion euros on the market price.
(1 $ = 0.9530 euros)
