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BackDelfin undertakes to join Intesa Sanpaolo's takeover bid for MPS
Delfin undertakes to join Intesa Sanpaolo's takeover bid for MPS
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ANSA Economia10 hours agoBusiness1 min readItalyView original

Delfin undertakes to join Intesa Sanpaolo's takeover bid for MPS

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Delfin, shareholder of MPS, has communicated to Intesa Sanpaolo its commitment to participate in the public purchase and exchange offer on Monte dei Paschi di Siena, conferring the entire 17.6% stake and voting at the meeting in line with the conditions of the takeover bid.

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Why It Matters

Intesa Sanpaolo has launched a public purchase and exchange offer on Monte dei Paschi di Siena, seeking to acquire control of the Sienese bank.

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Intesa Sanpaolo has announced that Delfin, shareholder of MPS, has made a commitment to the group led by Carlo Messina to join the public purchase and exchange offer for Monte. The commitment concerns the contribution of the entire shareholding held by Delfin in MPS, represented by 534,676,825 shares, equal to 17.6% of Monte's capital, and the participation in the ordinary and extraordinary meeting called by MPS, maintaining at that time "voting conduct that is consistent with the conditions of the Offer on that date".

What to Watch

AI outlook — possibilities, not facts

  • Intesa Sanpaolo's takeover bid for MPS will reach the level of participation necessary to be successful.

    Likely · Within weeks

Open Questions

  • What is the price offered by Intesa Sanpaolo for MPS shares?
  • How will the other MPS shareholders react to the takeover bid?
  • What are the precise conditions of Delfin's commitment in addition to membership and voting in the assembly?

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This article was originally published by ANSA Economia.

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