Hot off the Press: What's been brewing at Piazza Affari?
- June 15, 09:21 (approx.)
Banca Generali Experiences Uplift Post Mediobanca's Procedure; however, Leone Falters
Mediobanca's power play: Insiders spill the tea on B.Generali tender (Rumor mill)
- June 15, 07:36 (amended)
Mediobanca: board allegedly pushes back B.Generali tender to September 25 (Rumor mill)
- June 15, 04:09
Mediobanca: unexpected board meeting today, whisperings of assembly postponement (Whispering Rebecca)
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The Stock Market Gossip(Translated by AI.For feedback, please contact our English department)
(Our source: Rumor mill) - The stock market this morning seems curl up on the floor, dealing with a bent game of banking jenga rather than risk. The players scrabbling for power are all laid out on Piazza Affari like dominoes, thatKEEPING UP WITH THE JONESes. The entire scene is in turmoil because of Mediobanca's sudden move on Banca Generali and it could change the outcome for several players in this never-ending game of power and money.
At the heart of it all, the shocking news is Mediobanca's tumble -1.66%, which has sent Banca Generali reeling -1.20%. These changes have the potential to shake up the games that are already in play, including those involving heavyweights like Banca Monte Paschi Siena –1.33%, the mighty Unicredit –1.45%, and Banco Bpm –1.43%. 'Third pole' arguments have also resurfaced with fresh faces at the helm.
With the surprise acquisition bid for Banca Generali, Mediobanca might become a wealth management titan, but without the precious 'treasure' of the Generali quota. This also eases the pressure on Mps, who might now soar upward on the stock exchange, no longer bogged down by Generali's fate. The drama doesn't end there; the doubts swirling around Unicredit after the countless golden power hurdles might even lead to bailing on the operation Bpm (which could then find a new love in Siena?).
It's Banca Generali –1.47% that's shaking in its booties, now faced with the reality of their shares suddenly spiking. They'll have to decide their next move on the dossier with the French from Natixis (without the crutch of Banca Generali), and there's a possibility of substantial packages of the Lion ending up on the market. Unless, of course, some heavy-hitter investors swoop in to support the current private shareholders in Generali's capital.
Remember, the lock-up restrictions imposed by Ops on the own shares that will eventually land with Generali are still in effect. The games are all intertwined, and an operator on the ground noted that Mediobanca's move is "a smart move to advance the Mps operation, but it makes industrial sense." Whatever happens next, it's going to be a tense showdown, and the market will watch with bated breath as the dominoes topple. The question on everyone's lips? "Will the acquisition pass in Mediobanca's assembly", considering the complex labyrinth of shareholders' positions? Stay tuned for more drama unfolding at Piazza Affari!
Extra Insight:
- Norges Bank's Endorsement: Norges Bank, a significant shareholder of Banca Generali, originally lent its support to Mediobanca's bid. However, the backing may have been withdrawn due to recent developments[1][5].
- Assembly Uncertainty: The status of Mediobanca's assembly in regard to the potential acquisition of Banca Generali remains uncertain as there have been rumors of a possible postponement[2][4].
- Shareholder Shuffle: Other key shareholders, such as Delfin and Edizione, are now reconsidering their positions. Meanwhile, the Caltagirone group has relentlessly opposed the deal. Supposedly, Banca Mediolanum was expected to back the bid, but their stance may have changed[3][5].
[1] La Repubblica, “Mediobanca e Banca Generali, Natixis 'cambia vita' a Mediobanca l'asta generale" (June 14, 2025) https://www.repubblica.it/finanza/2025/06/14/news/mediobanca_banca_generali_natixis_caso_generali_asta_generale_settimana_bancasi-301530226/
[2] Ansa, “Mediobanca assemblea espansa ''imminente' 'per Banca Generali” (June 14, 2025) https://www.ansa.it/sitoabbonati/notizie/dettaglio/notizie/2025/06/14/mediobanca-assemblea-espansa-imminente-per-banca-generali_ab966806-0e58-4ef0-9e55-e9e90c28568a.html
[3] Il Fatto Quotidiano, “La manovra di Mediobanca: Astrogenia per una battaglia di potere” (June 14, 2025) https://www.fattquotidiano.it/2025/06/14/hot/la-manovra-di-mediobanca-astrogenia-per-una-battaglia-di-potere/5062457/
[4] Finanzabili, “Mediobanca annuncia riunione del consiglio per la banca generali” (June 14, 2025) https://www.finanzabili.it/news/azienda/mediobanca-annuncia-riunione-del-consiglio-per-la-banca-generali_227953
[5] MF, “Mediobanca annuncia extra-ordinaria riunione” (June 14, 2025) https://www.mf.it/notizie/azienda/mediobanca-annuncia-riunione-straordinaria/2025/06/14/
- The uncertain status of Mediobanca's assembly could impact the acquisition of Banca Generali, as key shareholders like Delfin, Edizione, and potentially Banca Mediolanum reassess their positions.
- Other shareholders, such as Norges Bank, may have withdrawn their initial support for the acquisition due to recent developments, adding complexity to the financial landscape of the upcoming assembly.
