Overview

• MPS controls 62.3% of Mediobanca following its hostile exchange offer, triggering a governance reset at the Milan lender.
• Consob filings show BlackRock lifted its holding in MPS to about 5.011% after tendering its Mediobanca shares.
• Mediobanca director general Francesco Saverio Vinci told staff that reopenings typically lift participation and the stake could approach roughly 80%.
• Mediobanca’s board is slated to meet on Sept. 18 to take note of the offer outcome, with CEO Alberto Nagel and directors expected to resign.
• Shares jumped after the 62.3% disclosure, and MPS has signaled that reaching at least two‑thirds would open the way to consider delisting and, potentially, a merger by incorporation.