Paschi, Investors Coordinated to Buy Mediobanca, Prosecutors Say
Banca Monte dei Paschi di Siena SpA Chief Executive Officer Luigi Lovaglio and two prominent Italian investors allegedly coordinated actions to seize control of Mediobanca SpA and tighten their grip...
By Sonia Sirletti · Bloomberg
Banca Monte dei Paschi di Siena SpA Chief Executive Officer Luigi Lovaglio and two prominent Italian investors allegedly coordinated actions to seize control of Mediobanca SpA and tighten their grip on Assicurazioni Generali SpA, according to documents compiled in a probe by Milan prosecutors.