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Bond Market News
Banca Monte Secures Controlling Stake in Mediobanca
September 22, 2025
Banca Monte Dei Paschi di Siena (BMPS) has secured a controlling stake of 70.5% in Mediobanca via a hostile share-and-cash buyout offer. Valued at €16bn, the deal is set to create Italy’s third-largest lender. Mediobanca’s board had previously opposed the offer which was made in January, calling it unfair and destructive of value. However, the now successful bid, will give BMPS the required ownership threshold to push through and make extraordinary shareholder decisions. Analysts noted that the acquisition marked a significant turnaround for BMPS, the world’s oldest bank, which was nationalized in 2017 following a decade-long restructuring. The takeover is expected to expand BMPS’s operations in areas like asset management, private banking, and investment banking.
Banca Monte’s notes traded stable with its 7.708% 2028s at 109.7, yielding ~3%.
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