Monte dei Paschi board greenlights Mediobanca merger and delisting plan

Banca Monte dei Paschi di Siena’s (BMPS) board has approved a full merger with Mediobanca, which will result in Mediobanca being delisted from the Milan stock exchange. “Accordingly, it has resolved to start the activities aimed at the integration with BMPS through a merger by incorporation and the consequent delisting of Mediobanca, in accordance to the regulations governing related-party transactions and the applicable legal requirements,” . BMPS acquired an over 86% stake in Mediobanca in September l ...