Mps, azionisti bocciano la fusione con Mediobanca
The shareholders of Mps have rejected the merger with Mediobanca, a key component of the bank's strategic plan. The proposal was voted down by 63.65% of the capital present at the assembly, with 32.91% voting against. The merger was a crucial part of the bank's plan to create a more competitive and comprehensive financial platform.
The CEO of Mps, Luigi Lovaglio, had defended the merger, stating that it was a necessary step to complete the bank's industrial project. He argued that the merger had already produced a concrete result, preventing the value of the bank from being considered acquired and forcing the offeror to improve its proposal. However, the shareholders ultimately rejected the proposal, with the largest shareholders, including Delfin and Caltagirone, voting against it.
The rejection of the merger deal is a significant blow to the bank's plans, and it remains to be seen how the bank will move forward. Intesa Sanpaolo, which had launched the offer, has welcomed the outcome, but it is not clear what the next steps will be.
