The Italian major bank Mediobanca may be on its way to acquire the competitor Banca Generali. According to Financial Times, Mediobanca has placed a bid of 6.3 billion euro, which is equivalent to a premium of 11.4 percent compared to Friday's stock price for the acquisition candidate.
Mediobanca's shareholders will soon have the opportunity to have their say in a vote on June 16, writes Financial Times.
