Wealth and Asset Management
Monte dei Paschi and Mediobanca approve full merger plan
Monte dei Paschi di Siena (MPS) and Mediobanca have taken concrete steps to move forward with a full merger, as confirmed in the joint release by the banks. Under the proposed terms, MPS plans to issue up to 1.6 billion euros ($1.9bn) in new shares, reported Reuters. Mediobanca shareholders would…
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