Monte dei Paschi anticipates Mediobanca bid approvals by end of June, CEO announces

Monte dei Paschi anticipates receiving all necessary approvals to initiate its takeover offer for Mediobanca by the end of June, according to Chief Executive Luigi Lovaglio. During his address at Morgan Stanley's European Financials Conference in London, Lovaglio noted that while Mediobanca's stake in Generali, which positions it as the largest investor in the insurer, is advantageous, it is not crucial to the foundation of the proposed deal.