Mediobanca plans to buy Banca Generali for 6.3 billion euros

The Italian Bank Mediobanca intends to buy Banca Generali, which is controlled by the insurer Assicurazioni Generali, for 6.3 billion euros. Mediobanca is the largest shareholder of the insurance company, owned by 13% of the shares. He offers Assicurazioni Generali's shares of Banca Generali shares, resulting in a bank at 54.17 euros ...