Brief: MPS focused on Mediobanca bid, awaiting Generali board's decision, CEO says
06/08/2025 08:35
Aug 6 (Reuters) - Banca Monte dei Paschi di Siena Chief Executive Luigi Lovaglio tells analyst call: MEDIOBANCA SHOWING DEFENSIVE POSTURE THAT PRIORITISES PROTECTION MEDIOBANCA SHOWING INCREASINGLY ERRATIC STRATEGIC APPROACH, SHIFTING WITHOUT CLEAR RATIONALE WON'T COMMENT ON MEDIOBANCA'S BID FOR BANCA GENERALI AS GENERALI BOARD GATHERED TO DECIDE ON THAT CONFIDENT WE CAN ANTICIPATE THE PAYOUT RATIO UP TO 100% IN 2025 ALREADY HAVE FLEXIBILITY THANKS TO CAPITAL RESERVES ON AXA PARTNERSHIP WHEN CONTRACT ENDS IN 2027 IF MEDIOBANCA DEAL GOES THROUGH, THERE CAN BE THE ADDITIONAL GENERALI OPTION IN 2027 OVER INSURANCE BANK IS FULLY FOCUSED ON MEDIOBANCA BID, WHEN ASKED WHETHER IT COULD GO FOR BANCO BPM INSTEAD Further company coverage: BMPS.MI (Reporting by Milan Newsroom)