Mediobanca GM says take-up in Monte dei Paschi bid to reach 80%, lead to merger

MILAN (Reuters) - The general manager of Mediobanca said the take-up in Monte dei Paschi di Siena's bid for the merchant bank would reach 80%, making a merger of the two groups inevitable, as he sought to reassure staff on a conference call. Mediobanca's Francesco Saverio Vinci said MPS - smaller than its target - had paid a significant price for Mediobanca, albeit mostly in shares, meaning it valued the asset it had bought and would strive to preserve it. Addressing staff in a conference call held on Tu ...