Delfin to tender full 17.6% Monte dei Paschi stake into Intesa takeover offer

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Summary · why it matters

Delfin has committed to tender its entire 17.6% stake in Banca Monte dei Paschi di Siena into Intesa Sanpaolo's voluntary takeover offer, Intesa said on Sunday. The Luxembourg-registered shareholder holds 534.68 million MPS shares, all of which are covered by the undertaking, Intesa said on Oct. 4. Delfin has also committed to attend MPS' shareholder meeting and vote in line with the terms of Intesa's offer. Intesa's offer covers up to 3.04 billion MPS shares, excluding the 1.02 million shares it already owns, and that number could increase by up to 272.01 million shares if MPS' planned merger with Mediobanca takes effect before the offer period closes.

Impact on assets 5

Financials▲ · 3 stocks
Intesa Sanpaolo S.p.A
IES
▲ PositiveCapitalrelevance

Delfin's binding commitment to tender its 17.6% MPS stake materially advances Intesa's voluntary takeover offer for MPS.

Aging Population▲ · 1 stocks
Cloud & Digital Infrastructure▲ · 1 stocks

Off-coverage companies 1

Delfin SarlPrivate± Mixed
relevance

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