How are the Italian MPs from withdrawing bidding bid for respected tradesman by reuters

By Valentina Za, Gianluca Semeralaro and Mathieu Rosmas

Milan (Reuters) – Monte dei Paschi (MPS) Coo Liigi Lovaglio pulls the Treena Lovaglio who came to the Siena in the early 2022, to reconcile the world’s captives, five years after exiting of this.

Back to October 2022 he worked at night to get a partially sold, as the seventh cash in MPs in 14 years run the last minute written in banks. MPs struggle to sell parts of 2 euros each before.

MPs stocks sold in 7 Euros this week if Lovaglio and his financial chief Andrea Maffezzoni emerged in their stimulates a 13.3 billion) truly true true Really True True True Faith in Mediobobca (OTC :), Italian Investment History.

More than 10 billion euros in cash between 2017 and 2022 have allowed MPs to clean up its balance sheet in time for the bank to seize the profit boost from higher rates and jump on the consolidation train racing through the Italian sector.

MPs, which were previously threatened to spread out the entire industry, bidding for a bank of decades imposed in the finandal finance arena.

Lovaglio, 69, showed his bold step and intend to strike a connection tone on Friday.

“We do not want to do any action possible in some way the powerful organization is weak that MediaBanka is,” he told the analysts.

The odd couple

Analysts that are annoyed “The odd couple” of MediaBanca and MPs have a majority than two important shareholders: Delfin, POLMING Company in late billion Leonardo Leonardo Gaetagiso Caltano Caltano Caltagi

International funds targeted to MPs over the past two years while the Treasury cut the stake at 11.7% from 68%. Surprise bid runs a sale, with MPs shares that close 7%.

A person involved in the agreement said that UBS and JPMorgan advisers work to explain the agreement with investors and eliminating the shareholders’ secret agenda.

Delfin and Caltagironone also have its own stakes in italian insurer (small :), and have years accused of Mediobca CEO Alberto Danitan in GeneriBanca in General.

Delfin and Caltagironone this week opposed Generali’s asset to be tied to Natixis managers in France’s investment.

They found a government ally, concerned with storage moving outside Italy.

At the same time, the government’s determination to help build a third large Italian bank group in the opposite interesa Sanpaolo (OTC 🙂 and Unicredit reinforced.

Roma thought it was leading in the right direction when the MPs parts were sold at Banco BPM, the third largest lender, as well as Delfin and Caltagironone.

But after last year, Unicredit makes a surprise bid for Banco BPM, Treasury efforts to encourage, with help from Delfin and Caltagironone, a strap between MPs and BPM.

sacred

Lovaglio on Friday said he presented Mediobca as an option to unite for MINSUSE MINSUSE by December 2022, along with plans for more simple peer.

Since then, it is known that the rival rivals Banco BPM and PPper are potential candidates for MPs.

Delfin and Caltagironone recently emerges as the primary MPs investors have placed MediaBanca on the map of potential deals.

A person involved in bid preparation says MediaBaaAca “as a Sacred Name” in Italian financial naturally to continue success.

Rome on Friday throws its support on the MPSanca bidding, with two people close to saying that the Natixis-General combination can have a reason to enter government support for the plan.

However, a third person involved in the bid, saying that the Lovaglio dealings are purely in the industry and based on the need to find MPs a partner and what to complete two business.

“We are ourselves,” a senior MPs employee on a branch of Siena speaks of the conditions of anonymous conditions. “This deal can be very perfect for our franchise.”

Now, however, Mediobca CEO Nagel seeks to open a dialogue with MPs and is preparing to fight the offer, two people with knowledge of this matter.