Italy: Mediobanca launches €6.3 billion bid for Banca Generali

Published Apr 28, 2025

Tridge summary

Italian bank Mediobanca has initiated a voluntary public offering worth approximately €6.3 billion to acquire 100% of local rival Banca Generali, which is currently under the control of insurer Assicurazioni Generali. The offer price is €54.17 per share, which is an 11% premium over Banca Generali's closing share price on Friday. Mediobanca intends to finance the transaction by offloading its 13% stake in Assicurazioni Generali. The anticipated merger is projected to yield around €300 million in synergies, raising Mediobanca's return on tangible equity from 14% to over 20%.

Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Italian bank Mediobanca has launched a voluntary public offering worth an estimated €6.3 billion to acquire 100% of local competitor Banca Generali, which is controlled by insurer Assicurazioni Generali, to strengthen its wealth management business. In a statement on Monday, 28, Mediobanca said it would offer €54.17 per share, representing an 11% premium over Banca Generali's closing share price on Friday (25). Mediobanca plans to fund the deal by selling its 13% stake in Assicurazioni Generali. "Through this large-scale capital reallocation to (wealth management), the combination will transform the relationship between Mediobanca and (Assicurazioni Generali) from a financial ...

Source: Broadcast