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Eleanor Butler

Mediobanca launches bid for Banca Generali as M&A flurry intensifies

Mediobanca Banco BPM MPS

Italy’s Mediobanca announced a €6.3 billion offer for Banca Generali on Monday, a bid that comes against a backdrop of intensifying banking consolidation in the country.

Mediobanca is already the largest stakeholder in Assicurazioni Generali, the parent company of Banca Generali, holding around 13%.

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