{"id":13156,"date":"2025-04-08T09:57:58","date_gmt":"2025-04-08T09:57:58","guid":{"rendered":"https:\/\/finderica.com\/?p=13156"},"modified":"2025-04-08T09:57:58","modified_gmt":"2025-04-08T09:57:58","slug":"market-volatility-wont-impact-mediobanca-deal-monte-dei-paschi-ceo","status":"publish","type":"post","link":"https:\/\/finderica.com\/?p=13156","title":{"rendered":"Market volatility won&#8217;t impact Mediobanca deal: Monte dei Paschi CEO"},"content":{"rendered":"<div id=\"RegularArticle-ArticleBody-5\" data-module=\"ArticleBody\" data-test=\"articleBody-2\" data-analytics=\"RegularArticle-articleBody-5-2\"><span class=\"HighlightShare-hidden\" style=\"top:0;left:0\"><\/span><\/p>\n<div role=\"region\" aria-labelledby=\"Placeholder-ArticleBody-Video-108128097\">\n<div role=\"button\" tabindex=\"0\" id=\"Placeholder-ArticleBody-Video-108128097\" class=\"PlaceHolder-wrapper\" data-vilynx-id=\"7000372160\" data-test=\"VideoPlaceHolder\">\n<div class=\"InlineVideo-videoEmbed\" id=\"InlineVideo-0\" data-test=\"InlineVideo\">\n<div class=\"InlineVideo-wrapper\">\n<div class=\"InlineVideo-inlineThumbnailContainer\"><span class=\"InlineVideo-videoButton\"><\/span><span><\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p>Siena, ITALY \u2014 <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-1\">Monte dei Paschi di Siena<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"><\/span><\/button><\/span><\/span><\/span> is holding firm on its plans to acquire <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-2\">Mediobanca<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"><\/span><\/button><\/span><\/span><\/span> for 13 billion euros ($14.3 billion) despite ongoing market turbulence, telling CNBC it will complete the deal in July.<\/p>\n<p>The world&#8217;s oldest bank still in operation, surprised investors in January by making an all-share offer for Mediobanca, a prestigious institution focused on wealth management and investment banking. Mediobanca has rejected the proposal, denouncing it as a &#8220;destructive&#8221; move that is devoid of financial rationale.<\/p>\n<p>Monte dei Paschi has faced several challenges over the years, most notably when it was bailed out by the Italian government in 2017 after it failed to raise much-needed cash from private investors. The Italian government has sold its majority stake in Monte dei Paschi and it currently represents less than 12% of ownership.<\/p>\n<p>The bank&#8217;s CEO Luigi Lovaglio told CNBC on Monday that Monte dei Paschi &#8220;is back&#8221; and &#8220;in control of our destiny.&#8221;<\/p>\n<p>When asked if the ongoing market turbulence could be a problem for its expansion plans, Lovaglio said<strong>: &#8220;<\/strong>The [market] situation will not impact our deal.&#8221;<\/p>\n<p>&#8220;On the opposite, [the market situation] is confirming that size matters, [it] is confirming that you need to diversify on revenues,&#8221; he said, adding that if they were already a combined entity, they would &#8220;be stronger&#8221; and &#8220;have capability to react much quicker.&#8221;<\/p>\n<p>The recent market volatility has led some companies to put some deals on hold. British private equity firm\u00a0<a href=\"https:\/\/www.bloomberg.com\/quote\/III:LN\" target=\"_blank\" rel=\"noopener\">3i Group Plc<\/a>\u00a0has <a href=\"https:\/\/www.reuters.com\/markets\/deals\/us-tariffs-prompt-3i-group-delay-pet-food-maker-mpms-sale-bloomberg-news-reports-2025-04-07\/\" target=\"_blank\" rel=\"noopener\">reportedly<\/a> postponed a sale of the maker of pet food MPM, while fintech company Klarna has put its IPO plans on hold.<\/p>\n<p>Analysts have been divided over the benefits of the deal between Monte dei Paschi and Mediobanca. Deutsche Bank, for instance, said in mid-March the market was ignoring some potential opportunities for Monte dei Paschi, including a bigger distribution policy.<\/p>\n<p>Other analysts warned about limited synergies in combining two different banks. Barclays, for example, said Monday that it was cutting its price target for Monte dei Paschi, taking a more skeptical view on the potential gains from a deal with Mediobanca. &#8220;Should Monte dei Paschi decide to spend more to convince majority of the Mediobanca institutional shareholders, the excess capital could reduce,&#8221; Barclays said.<\/p>\n<p>Speaking to CNBC, Lovaglio was adamant the offer for Mediobanca presents a &#8220;fair price&#8221; and did not comment on whether the company would sweeten the deal to make it more appealing for Mediobanca shareholders.<\/p>\n<p>&#8220;Hopefully within July, we can complete the deal,&#8221; he added.<\/p>\n<p>Amid a pullback in global equity markets on Monday, Monte dei Paschi and Mediobanca shares both closed around 5% lower. Since Monte dei Paschi announced its intention to buy Mediobanca on January 24, the latter&#8217;s shares have lost about 14% of their value and the former about 8.5%.<\/p>\n<\/div>\n<h2 class=\"ArticleBody-subtitle\"><a id=\"headline0\"><\/a>Larger Ambitions<\/h2>\n<div class=\"group\">\n<p>Monte dei Paschi&#8217;s offer for Mediobanca came at a time of wider consolidation efforts in Italian banking. UniCredit announced last year an offer to buy rival <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-11\">Banco BPM<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"><\/span><\/button><\/span><\/span><\/span> for about 10 billion euros.<\/p>\n<p>Lovaglio said these bids represent the first wave of domestic consolidation for Italian banks.<\/p>\n<p>&#8220;I believe this is the first phase [of consolidation] and, probably, we will have a second phase two years from now. That&#8217;s why, by combining Monte [dei] Paschi with Mediobanca, we will be in a position to be again a protagonist,&#8221; Lovaglio said.<\/p>\n<\/div>\n<div data-test=\"WildCardEmbed\">\n<div class=\"WildcardEmbed-wrapper\">\n<style><![CDATA[\n\tdiv {\n\t\tbox-sizing: border-box;\n\t}\n\t.noselect {\n\t  -webkit-touch-callout: none; \/* iOS Safari *\/\n\t\t-webkit-user-select: none; \/* Safari *\/\n\t\t -khtml-user-select: none; \/* Konqueror HTML *\/\n\t\t   -moz-user-select: none; \/* Old versions of Firefox *\/\n\t\t\t-ms-user-select: none; \/* Internet Explorer\/Edge *\/\n\t\t\t\tuser-select: none; \/* Non-prefixed version, currently\n\t\t\t\t\t\t\t\t\t  supported by Chrome, Edge, Opera and Firefox *\/\n\t}\n\t\n\t.DO-widget-wrapper {\n\t\twidth: 100%; \n\t\tmax-width: 620px;\n\t\tbackground-color: #fff;\n\t}\n\t\n\t.DO-logo-row {\n\t\tmargin-bottom: 4px;\n\t\t\n\t}\n\t\n\t.DO-body {\n\t\tborder-top: 2px #289dcf solid;\n\t\tborder-bottom: 2px #289dcf solid;\n\t\tpadding: 12px 0 12px 0;\n\t\tmargin-bottom: 20px;\n\t\t\n\t}\n\t\n\t.DO-bodycopy .DO-button {\n\t\tfont-family: Proxima Nova,Helvetica,Arial,sans-serif;\n\t}\n\t\n\t.DO-bodycopy {color: #424858; font-size: 18px; line-height: 31px; margin-bottom: 12px;}\n\t\n\t.DO-button {\n\t\tcolor: #fff; \n\t\tfont-size: 16px;\n\t\tfont-weight: 600;\n\t\twidth: 120px;\t\n\t\theight: 30px;\n\t\tbackground-color: #0071bc;\n\t\tborder-radius: 6px;\n\t\ttext-transform: uppercase;\n\t\tpadding: 4px;\n\t\ttext-align: center;\t\n\t\tcursor: pointer;\n\t\tmargin-bottom: 4px;\n\t\ttext-decoration: none !important;\n\t}\n\t\n\t.DO-button:hover {\n\t\tbackground-color: #0a94e0;\n\t\ttext-decoration: none !important;\n\t}\n\t\n\t@media \n\t\t\t\n\n]]><\/style>\n<\/div>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/www.cnbc.com\/2025\/04\/08\/market-volatility-wont-impact-mediobanca-deal-monte-dei-paschi-ceo.html\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Siena, ITALY \u2014 Monte dei Paschi di Siena is holding firm on its plans to acquire Mediobanca for 13 billion euros ($14.3 billion) despite ongoing market turbulence, telling CNBC it will complete the deal in July. The world&#8217;s oldest bank still in operation, surprised investors in January by making an all-share offer for Mediobanca, a<\/p>\n","protected":false},"author":1,"featured_media":13157,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"categories":[196],"tags":[160,1236,4927,1154,94,5453,5454,5455,3645,2226],"class_list":{"0":"post-13156","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-finance-news","8":"tag-ceo","9":"tag-deal","10":"tag-dei","11":"tag-impact","12":"tag-market","13":"tag-mediobanca","14":"tag-monte","15":"tag-paschi","16":"tag-volatility","17":"tag-wont"},"_links":{"self":[{"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/posts\/13156","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13156"}],"version-history":[{"count":0,"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/posts\/13156\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/media\/13157"}],"wp:attachment":[{"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13156"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13156"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13156"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}