Banca Mediolanum June asset management net inflows EUR 762 million

Banca Mediolanum June asset management net inflows EUR 762 million

Italian asset manager Banca Mediolanum has initiated the sale of its entire 3.5% stake in merchant bank Mediobanca via an accelerated bookbuilding process. This move comes amidst significant financial developments in the Italian banking sector.

In January, Banca Monte dei Paschi di Siena (MPS) announced a surprise all-share offer to acquire Mediobanca. Following regulatory approval from the European Central Bank, MPS is set to launch its bid for Mediobanca next month. In response, Mediobanca proposed to buy private bank Banca Generali in April, but had to delay a shareholder vote to September 25 due to increased opposition from investors.

Banca Mediolanum, one of the largest shareholders in Mediobanca, is selling up to 29.1 million shares, valued at 570 million euros ($671 million). Morgan Stanley is acting as the sole bookrunner for this transaction [1].

Separately, Banca Mediolanum reported a significant net inflow of EUR 762 million in June, indicating strong investor confidence in the asset management division. This sale of the stake in Mediobanca is part of Banca Mediolanum's ongoing strategy to optimize its portfolio and potentially reduce exposure to the volatile merchant banking sector.

The accelerated bookbuilding process is expected to conclude soon, with Morgan Stanley handling the sale. This strategic move by Banca Mediolanum underscores the dynamic nature of the Italian banking landscape and the importance of maintaining a balanced portfolio in the face of regulatory changes and market fluctuations.

References:
[1] https://www.globalbankingandfinance.com/UK-MEDIOBANCA-M-A-BANCA-MEDIOLANUM-1b70bd38-8c68-4ecd-b2ce-c6056e4538c9
[2] https://www.tradingview.com/news/reuters.com,2025:newsml_L8N3SX1CD:0-banca-mediolanum-sells-its-stake-in-mediobanca-via-abb/