Mps takes Mediobanca: paid up shares, now holds 62.3%

As of tonight, Banca Mps is the owner of 62.3% of Mediobanca's capital. In a note, the Sienese institution recalls, in fact, that today it has made the payment of the consideration envisaged for the transfer of the right of ownership of Mediobanca shares following the Opas, free from encumbrances and encumbrances of any kind and nature. This determined the new composition of Mps' share capital, subscribed and paid-up following the execution of the capital increase for consideration, in divisible form and with the exclusion of pre-emptive rights.

The bank explained in the note that, taking into account that 506,633,074 ordinary shares of Mediobanca were tendered to the Offer at the end of the acceptance period (last 8 September), Banca Mps has today issued 1,283,301,577 ordinary shares, with no par value, regular dividend entitlement and the same characteristics as the Banca Mps shares in circulation at the issue date. Hence the note. The Opas reopens tomorrow for another five sessions. The forecast is that the subscriptions will bring Monte dei Paschi to hold a stake of close to 80% in the bank of Piazzetta Cuccia.

The regulation of the offer also had the effect of reshuffling the shareholding structure of the two banks. Out of Piazzetta Cuccia come Delfin (20%) and Caltagirone (10%), who fully subscribed to the operation, of which they were the main supporters together with the government. In Mps, where both were present with around 10% of the capital, the Del Vecchio family's holding company will rise to 21% and the Roman entrepreneur's group to 13%, while Banco Bpm will be diluted from 9% to 4.5% and the Treasury from 11.7% to just under 6%. All this is pending, as mentioned, the final figures after the re-opening of the Offer.

The one who will not become a shareholder of Mps is FinPriv, a member of the dissolved consultation pact of Piazzetta Cuccia: the company, whose shareholders include Generali, Italmobiliare, Pirelli, Tim, Stellantis and Unipol, has in fact sold its 1.76% in an accelerated placement managed by Morgan Stanley.