(Alliance News) - Following Nagel's renewed bid for Banca Generali, speculation is mounting that Consob may suspend MPS's public exchange offer (OPS) for Mediobanca. This comes in light of the intertwining of the two operations, which constitutes a "new development" akin to the recent UniCredit-Banco BPM case, Milano Finanza reported on Friday.

MF explains that if Mediobanca's shareholders approve the transaction before the close of the Siena-based offer on September 8, the initial context would be fundamentally altered.

Giuseppe Bivona, founder of Bluebell and a shareholder in both banks, has called for a 30-day suspension and an update to the prospectus.

Consob, under the leadership of Paolo Savona, remains cautious: for now, the most likely scenario is a request for an update to the information document.

By Claudia Cavaliere, Alliance News reporter

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