Shareholders representing around 78% of Mediobanca expected to attend meeting on Banca Generali
20/08/2025 17:26
MILAN, Aug 20 (Reuters) - Mediobanca MDBI.MI shareholders representing around 77%-78% of the Italian bank's share capital are expected to attend a meeting on Thursday to decide on a Banca Generali GASI.MI deal, a source close to the merchant bank said on Wednesday. A close shareholder vote is expected on Mediobanca CEO Alberto Nagel's proposed 6.8 billion euro ($7.9 billion) acquisition of Banca Generali to create Italy's second-largest wealth manager. For the CEO's proposal to pass, at least 50% of the capital attendance at the meeting is needed. Merchant bank Mediobanca made the move for Banca Generali as it seeks to thwart a takeover bid from state-backed Monte dei Paschi di Siena BMPS.MI in a consolidation wave sweeping Italian banking. (Reporting by Andrea Mandala, writing by Sara Rossi, editing by Elaine Hardcastle) ((sara.rossi@thomsonreuters.com; +39 06 8030 7736;))