The Board of Directors of Mediobanca, meeting today, approved to postpone the date of the ordinary shareholders’ meeting to 25 September 2025, originally convened for June 16 for the approval of the voluntary exchange of exchange on Banca Generali.
The pre-assembly engagement activity, underlines Mediobanca, “confirmed the existence of a large support of the market to the offer, also testified by the unanimous favorable opinions of the proxy Advisors”. At the same time, some members, “owners of an investment both in MB and in Generali Spa insurance (” AG “), underlined the need to” know the assessments and the orientation of AG compared to the MB proposal in order to be able to express itself in the assembly of the MB itself, also considering that the adhesion of AG is essential for the improvement of the operation (given the minimum essential threshold of 50% by MB. to the offer) “.
In this regard, the Communcation following the board, “only last Thursday 12 June, close to the assembly meeting of 16 June, proscens, AG has disclosed a press release by reporting – for the first time – that it has started a process of analyzing the proposal made by MB and its commercial, economic and value implications. This element of novelty requires to take into account the availability and timing of AG, in the light of the auspastician expressed by a part of the social team, to know the position of the company on the offer “.
The Board of Directors of MB in “reaffirming the strong industrial and financial rational of the offer that creates an Italian leader of the Wealth Management”, therefore “considered it appropriate to consult the members once the outcome of the assessments of AG is acquired”. The offer “remains valid in all its terms as per press release pursuant to art. 102 TUF of last April 28, including the conclusion expected for September/October 2025”.