Banca Generali: the MPS proposal has not been agreed; we will consider it

“Generali confirms – in line with its ongoing assessment of initiatives aimed at creating value for all stakeholders – its willingness to consider MPS’s proposal, which envisages broader industrial collaboration aimed at developing new growth opportunities in business areas of strategic importance to both companies.” This was stated in a note from Generali regarding the public takeover offer launched by MPS for Banca Generali, in which the insurance group holds a 50.2 per cent stake.

Generali also confirms that it “has initiated a process aimed at thoroughly assessing the commercial, economic and value implications of the offer, which was neither solicited nor agreed in advance”. The statement concludes by noting that these processes “will be conducted in full compliance with the Group’s procedure governing transactions with related parties”.