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Mediobanca Banca di Credito Finanziario SpA (MDBI.MI)

MDBI.MI on Milan Stock Exchange

8.82EUR
28 Apr 2017
Change (% chg)

€0.33 (+3.88%)
Prev Close
€8.49
Open
€8.68
Day's High
€8.85
Day's Low
€8.65
Volume
9,236,965
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52-wk High
€9.09
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Latest Key Developments (Source: Significant Developments)

Mediobanca CEO says Intesa, Generali tie-up only speculation
Thursday, 9 Feb 2017 03:37am EST 

Mediobanca Chief Executive Alberto Nagel says in a post-results call: idea of Intesa SanPaolo tie-up with insurer Generali is only speculation and hypothesis, we do not base our business on this Further company coverage: [MDBI.MI] [ISP.MI] [GASI.MI] (Reporting by Milan newsroom).  Full Article

Mediobanca sticking to plan to sell 3 pct of Generali - CEO
Thursday, 9 Feb 2017 02:44am EST 

The CEO of Mediobanca Alberto Nagel says in a call with journalists on second-quarter results: confirms plan to sell 3 percent of its stake in insurer Generali over plan period to remain with 10 percent stake . Mediobanca has always supported growth at Generali through mergers and acquisitions and will continue to do so, though acquisitions must offer returns . has no sign of any of the bank's shareholders wanting to pull out, the bank has good relations with UniCredit . expects a positive second half of its financial year, confirms dividend policy . believes 20 billion euro state rescue fund for banks is enough and will stabilise the sector . given the size of Italy's bad loan problem, the Atlante fund runs the risk of a low probability of success Further company coverage: [MDBI.MI] (Reporting by Milan newsroom).  Full Article

Mediobanca CEO says UniCredit cash call well structured, will have positive outcome
Thursday, 9 Feb 2017 02:00am EST 

Mediobanca CEO Alberto Nagel tells journalists on a post-results conference call: UniCredit cash call well structured and appreciated by investors, will have positive outcome Further company coverage: [MDBI.MI] (Reporting by Milan newsroom).  Full Article

Mediobanca to place stake of up to 3.02 pct in Brunello Cucinelli
Thursday, 19 Jan 2017 12:16pm EST 

Brunello Cucinelli Spa : Mediobanca says starts sale of stake of up to 3.02 percent in company . Mediobanca says stake sale to take place through accelerated bookbuilding aimed at institutional investors Further company coverage: [BCU.MI] (Reporting by Milan newsroom).  Full Article

Mediolanum to book 41.5 mln euro capital gain from Esperia-CEO
Thursday, 17 Nov 2016 07:56am EST 

Banca Mediolanum Chief Executive Massimo Doris tells Reuters: Group will book net capital gain of around 41.5 million euros from the sale of its 50 percent stake in Banca Esperia to Mediobanca . Mediobanca said earlier on Thursday it had agreed to acquire full control of the private bank it owned jointly with Mediolanum for 141 million euros Further company coverage: [BMED.MI] (Reporting by Milan Newsroom).  Full Article

Mediobanca CEO says cutting Generali stake below 10 pct an option
Thursday, 17 Nov 2016 02:40am EST 

Mediobanca Chief Executive Alberto Nagel tells media call: Reducing stake in Assicurazioni Generali below 10 percent could be an option if it creates value for the bank . Targets small or medium-large sized acquisitions of fee-generating businesses, not only in wealth management but also in specialty finance such as factoring or in the non-performing loan business . Could buy targets similar to Cairn Capital abroad, in Italy it targets strengthening wealth management's distribution network by boosting the sales force . Not inclined to carry out single big acquisition though it may review this approach if an opportunity arises Further company coverage: [MDBI.MI] (Reporting by Milan Newsroom).  Full Article

Mediobanca CEO sees closing of Banca Esperia deal by mid-2017
Thursday, 17 Nov 2016 02:00am EST 

Mediobanca Chief Executive Alberto Nagel tells media call: Expects closing of acquisition of 50 percent stake in Banca Esperia from Banca Mediolanum in Q1 or Q2 2017 Further company coverage: [MDBI.MI] (Reporting by Milan Newsroom).  Full Article

Mediobanca wraps up buy of Barclays Italian branches
Tuesday, 30 Aug 2016 05:22am EDT 

Mediobanca says: has completed acquisition of Barclays retail business in Italy . deal envisages Barclays paying Mediobanca retail unit Chebanca! 240.5 million euros . deal sees CheBanca! doubling its size with funding over 20bn .in December last year Mediobanca said Barclays would pay 237 million euros. [nL8N13S0TR].  Full Article

Banca Mediolanum to hang on to Mediobanca stake - Chairman to paper
Wednesday, 10 Aug 2016 01:40am EDT 

The Chairman of Italy's Banca Mediolanum, Ennio Doris, says in an interview in Corriere della Sera: does not intend to sell the group's 3.3 percent stake in Mediobanca . "Noone has asked me. With the vision I have I will hang on to them (the shares) tightly. In the future we'll see" . Noone can be a seller of shares in Mediobanca today because they are undervalued . confirms investment of 10 million euros in Atlante II bank rescue fund Further company coverage: [BMED.MI][MDBI.MI] (Reporting by Milan newsroom).  Full Article

Mediobanca CEO says no binding commitment on Monte dei Paschi cash call
Friday, 5 Aug 2016 03:46am EDT 

Mediobanca CEO Alberto Nagel tells analyst call: Contract over Monte dei Paschi share issue "is a pre-underwriting agreement which by definition is not a hard underwriting and is not a commitment" . Bank's share of Monte dei Paschi cash call's pre-underwriting contract is lower than 700-800 million euros and it is possible that other bookrunner will join consortium . Bank would be able to support other stock issues, limit is on single exposures . Hopes UniCredit under new chief executive will remain long-term investor in Mediobanca Further company coverage: [MDBI.MI] (Reporting by Milan Newsroom).  Full Article

More From Around the Web

Fitch Downgrades 5 Italian Banks' Following Sovereign Downgrade

(The following statement was released by the rating agency) Link to Fitch Ratings' Report: Fitch Downgrades 5 Italian Banks' Following Sovereign Downgrade https://www.fitchratings.com/site/re/897599 MILAN/LONDON, April 27 (Fitch) Fitch Ratings has downgraded the Long-Term Issuer Default Ratings (IDRs) of UniCredit S.p.A., Intesa Sanpaolo S.p.A. (IntesaSP), Credito Emiliano (Credem) and Mediobanca S.p.A. to 'BBB' from 'BBB+'. It affirmed the banks' Short-Term IDRs at 'F2'. Fitch has also downgrad