Mediobanca Offers €6.3 Billion for Banca Generali Acquisition

Mediobanca has submitted a bid worth €6.3 billion ($7.2 billion) to acquire the wealth management division of Italian insurer Assicurazioni Generali, opening up a potential strategic move amid intensifying merger and acquisition activity in the region. Mediobanca, which itself is facing a takeover offer from Banca Monte dei Paschi di Siena, proposed an all-share deal for Banca Generali, according to a statement released early today (April 28, 2025), as reported by Bloomberg. Mediobanca is currently the largest shareholder of parent company Banca Generali. Through its influence over Generali, under the leadership of managing director Alberto Nagel, Mediobanca has become a key player in the series of interconnected deals unfolding in Italy since last year. This offer provides shareholders with another growth option beyond the Monte Paschi agreement, which the bank opposes. Shares of Banca Generali surged up to 9.6% after trading opened in Milan today, while Mediobanca shares rose by 1%. The exchange ratio for Generali shares has been set at 1.70 shares of Assicurazioni Generali per share, excluding any dividend, according to Mediobanca’s announcement.