{"id":430739,"date":"2025-06-25T11:42:31","date_gmt":"2025-06-25T09:42:31","guid":{"rendered":"https:\/\/www.eunews.it\/2025\/06\/25\/ok-bce-monte-dei-paschi-mediobanca\/"},"modified":"2025-06-25T12:44:39","modified_gmt":"2025-06-25T10:44:39","slug":"ecb-clears-monte-dei-paschi-bid-for-mediobanca","status":"publish","type":"post","link":"https:\/\/www.eunews.it\/en\/2025\/06\/25\/ecb-clears-monte-dei-paschi-bid-for-mediobanca\/","title":{"rendered":"ECB clears Monte dei Paschi bid for Mediobanca"},"content":{"rendered":"

Brussels – The European Central Bank says yes to Monte dei Paschi acquiring a part of Mediobanca.<\/strong> After the necessary analysis, the ECB gave its approval. I<\/span><\/span><\/span>t was the Siena-based bank to announce it<\/span><\/span><\/span><\/a>, specifying that the authorization to buy a stake in\u00a0Mediobanca concerns \u201ca direct stake in Mediobanca whose value exceeds 10 percent<\/strong> of the Group’s consolidated own funds and in the relevant indirect shareholdings.”<\/p>\n

However, there is full authorization for MPS with no constraints on the acceptance threshold\u00a0to the offer, which could also stop below 50 percent<\/strong>, to become the group’s reference shareholder. The possibility has been granted but, at the moment, it is not guaranteed, so much so that in case of a shareholding of less than 50 percent, Monte dei Paschi will have to present within three months a report on the possibility of exercising de facto control over Mediobanca or, as an alternative, a report on its strategy regarding the shareholding in the absence of effective control.<\/span><\/span><\/span><\/p>\n

Monte dei Paschi will have six months to prepare the management and operational plan, which will be submitted to the ECB. The strategy will have to contain information on capital requirements and impacts, IT security, adverse scenarios, mitigation of possible risks, and the internal organization of the new group in light of the acquisition of the Mediobanca stake. For MPS, this is a new life after its liquidity crisis in 2017 and the agreed restructuring in the same year\u00a0between the government and the European Commission.\u00a0<\/span><\/span><\/span><\/p>\n

The merger, however, may not end there. Gaetano Pedull\u00e0<\/strong>, an MEP from the 5 Star Movement, submitted\u00a0a parliamentary question, even before the announcement of the green light from the ECB, to denounce alleged irregularities. In his opinion, “the sale procedure reserved for institutional investors of around 16 percent of the capital of Banca Monte dei Paschi<\/span> di Siena was tainted\u00a0by anomalous and serious conflicts of interest.” Specifically, the 5SM MEP said the Minister of the Economy “appointed Banca Akros, part of the Banco Bpm Group, to handle the sale, which divided the stake up between four entities: Caltagirone, Delfin, Banco Bpm,\u00a0and Anima Sgr, controlled by Banco Bpm.” Essentially, “to the buyers\u2019 benefit, the shares were sold at below market rate, going against standard practice of selling at a premium.”<\/span><\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

The announcement from the Siena-based lender. Option for a stake of up to 50 percent — MPS will now have to indicate whether it intends to acquire that much. Frankfurt awaits the business plan. M5S submits question in EU parliament<\/p>\n","protected":false},"author":494,"featured_media":430735,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"episode_type":"","audio_file":"","podmotor_file_id":"","podmotor_episode_id":"","cover_image":"","cover_image_id":"","duration":"","filesize":"","filesize_raw":"","date_recorded":"","explicit":"","block":"","jnews-multi-image_gallery":[],"jnews_single_post":{"format":"standard","override":[{"template":"1","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"0","post_reading_time_wpm":"300","post_calculate_word_method":"str_word_count","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_prev_next_post":"1","show_popup_post":"1","number_popup_post":"1","show_author_box":"0","show_post_related":"1","show_inline_post_related":"0"}],"image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post_position":"meta","trending_post_label":"Trending","sponsored_post_label":"Sponsored by","disable_ad":"0","subtitle":""},"jnews_primary_category":[],"jnews_override_counter":{"view_counter_number":"0","share_counter_number":"0","like_counter_number":"0","dislike_counter_number":"0"},"footnotes":""},"categories":[25705],"tags":[25826,26112,26151,30253,31586,31587,30278],"class_list":["post-430739","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-banche-en","tag-bce-en","tag-bank-central-en-en","tag-m5s-europe-and","tag-mediobanca-en","tag-monte-dei-paschi-en","tag-mps-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/posts\/430739","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/users\/494"}],"replies":[{"embeddable":true,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/comments?post=430739"}],"version-history":[{"count":4,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/posts\/430739\/revisions"}],"predecessor-version":[{"id":430761,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/posts\/430739\/revisions\/430761"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/media\/430735"}],"wp:attachment":[{"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/media?parent=430739"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/categories?post=430739"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/tags?post=430739"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}