MPS Completes Acquisition of 86.3% Stake in Mediobanca

The voluntary total public tender and exchange offer (OPAS) promoted by MPS for the ordinary shares of Mediobanca has been successfully completed.

As a result of the transaction, the Siena-based bank acquired an overall stake of approximately 86.3% in Mediobanca, corresponding to a total consideration of over €16.5 billion in cash and shares.

This transaction establishes a new competitive force among the leaders of the Italian banking sector, offering a broad and diversified range of products and services to households, businesses, and local communities.

The team coordinating the transaction for Gianni & Origoni was led by partners Francesco Gianni and Andrea Aiello, supported by Of Counsel Giulia Staderini and counsel Caterina Pistocchi for corporate and financial markets law, by counsel Edoardo Brillante for financial regulation matters, by partner Piero Fattori and senior counsel Salvatore Spagnuolo for antitrust issues, by partner Antonio Lirosi and associate Francesco Patrono for FDI matters, and by Of Counsel Lidia Caldarola and managing associate Matteo Costantino for capital markets matters.

The international team coordinating the transaction for White & Case was led by partners Domenico Fanuele (Milan) and Michael Immordino (London & Milan), supported for corporate and financial markets law by partner Alessandro Picchi and associate Francesco Abbadessa (Milan), for financial regulation matters by partner Alessandro Zappasodi and associate Andrea Lamonica (Milan), for antitrust issues by partner Sabrina Borocci (Milan & Brussels) and counsel Francesca Moretti (Milan), and for FDI matters by counsel Tommaso Tosi and associate Francesco Balestra (Milan).