MPS: Delfin sides with Intesa Sanpaolo
Delfin, the holding company of the Del Vecchio family, which holds a 17.6 per cent stake in Rocca Salimbeni, has undertaken to accept Intesa Sanpaolo’s public takeover bid and to vote at the shareholders’ meeting on 29 October in accordance with the terms of the offer made by the bank led by CEO Carlo Messina
A potentially decisive turning point in the battle for control of MPS. Delfin, the holding company of the Del Vecchio family – shareholders in Rocca Salimbeni with a 17.6 per cent stake – has undertaken to accept Intesa Sanpaolo’s public takeover bid and to vote at the general meeting on 29 October in accordance with the terms of the offer made by the bank led by CEO Carlo Messina. A press release issued by Ca’ de Sass ‘with the consent of the other party’ announces that Delfin ‘has undertaken towards the offeror’ Intesa ‘to accept the offer’ with its entire stake in MPS. The commitment also covers “attendance at the ordinary and extraordinary general meetings convened by MPS”, “and, at those meetings, ‘voting in a manner consistent with the terms of the offer as at that date’”.
