Surge in Subscriptions to Mediobanca Offer Launched by MPS

Subscriptions to the public swap offer (ops) for Mediobanca launched by Monte dei Paschi di Siena (MPS) have surged. During today’s session, an additional 63,477,095 shares of the investment bank—often referred to by the nickname ‘Piazzetta Cuccia’—were brought forward. This has increased the total subscriptions from 19.4457% yesterday to 27.0634% of the share capital. The identity of the subscriber, who contributed approximately 7.5% of Mediobanca, is not yet known. Market attention is now focused on the Caltagirone Group, Mediobanca’s second-largest shareholder with nearly a 10% stake and one of the supporters of MPS’s offer.