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Euronews
Euronews
Eleanor Butler

Mediobanca shareholders reject bid to acquire Banca Generali

Mediobanca Generali MPS

Mediobanca shareholders rejected a roughly €7bn proposal to acquire wealth manager Banca Generali in a pivotal vote on Thursday.

The Milanese bank said that 35% of investors accepted the proposal, just shy of the 50% plus one vote needed to pass. 32% of investors abstained, while 10% rejected the proposal.

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