Mediobanca Shareholders' Pact Rejects MPS Takeover Bid

In Milan on February 19th, a shareholder confirmed that the shareholders' pact of Italy's Mediobanca, accounting for about 11.6% of the bank's capital, has turned down the takeover bid from Monte dei Paschi di Siena (MPS) during a pact meeting. Additionally, Mediobanca's board has also rejected the bid.