💡 Mediobanca is closing in on its €6.3B takeover of Banca Generali. Post-deal entity expected to manage €210 billion AUM (!) Regulatory clearance is expected by 18 August, just days before the 21 August shareholder vote. That’s a head start over rival Banca Monte dei Paschi di Siena, whose competing bid expires on 8 September. The deal would reinforce Mediobanca’s position in Italy’s €1.2T wealth management sector. It is projected to deliver €700 million in annual cost savings, with Mediobanca targeting 20%+ Return on Tangible Equity (ROTE). 🔴⚪ And in #Monaco? 🇲🇨 As the parent of CMB Monaco, Mediobanca’s expansion could mean new cross-border opportunities, broader deal flow, and enhanced UHNW client solutions right here in the Principality. To be continued... Source: https://lnkd.in/dJ9xn9v9 #WealthManagement #Banking #MonacoFinance #MergersAndAcquisitions #Finance
Sasa Jovanovic
2mo
Thanks for sharing! Nice to see you back on LinkedIn, Cédric Zaidan!
This is an impressive move by Mediobanca, Cédric! The anticipated cross-border opportunities and enhanced client solutions in Monaco are particularly exciting. 🚀
Family Office (Views are my own)
2moUPDATE : https://www.linkedin.com/posts/cedriczaidan_monaco-wealthmanagement-banking-activity-7365627746653212672-145e?utm_source=share&utm_medium=member_desktop&rcm=ACoAABRyMG0Bg3JGHOrVxJLGBaWunVsv0pZwanU