Brief: Mediobanca says Italy's competition authority won't investigate Banca Generali bid
Aug 1 (Reuters) - Mediobanca MDBI.MI says in a statement: MEDIOBANCA: ITALY'S COMPETITION AUTHORITY HAS DECIDED NOT TO OPEN AN INVESTIGATION INTO BANK'S OFFER FOR BANCA GENERALI MEDIOBANCA: EUROPEAN COMMISSION DECIDED NOT TO OPEN FORMAL INVESTIGATION PHASE IN RELATION TO THE REVIEW OF FOREIGN SUBSIDIES Source text: [ID:] Further company coverage: BGN.MI (Reporting by Rome newsroom)