Banks, ECB approves MPS’s share exchange offer for Mediobanca

Milan, June 25 (LaPresse) – The European Central Bank has granted MPS the necessary authorization to directly acquire a controlling stake in Mediobanca and an indirect stake in Mediobanca Premier and Compass Banca. According to a statement from MPS, the ECB has also simultaneously authorized the acquisition of a stake in Mediobanca exceeding 10% of the group's supervisory capital, as well as in significant indirect holdings.