Mediobanca Set for Delisting as MPS Moves to Consolidate Ownership
Mediobanca shares rallied after Monte dei Paschi di Siena (MPS) confirmed plans to acquire the remaining minority stake and remove the merchant bank from the stock exchange. MPS, which built an 86% holding last year through a roughly $19 billion transaction, will merge Mediobanca into the enlarged group and create an unlisted vehicle to run private…