Del Vecchio to acquire 7% stake in Mediobanca for $686m.

Financials

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Transaction Value£514m

Consideration TypeCash

Capital Owned-

Capital Bid For7%

EV/Sales-

EV/EBITDA-

Share Price Premium-

One Off Charge-

target

MEDIOBANCA

bidder

Leonardo Del Vecchio

Sources

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Tags

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Italy

Banks

Private

Friendly

Majority

Single Bidder

Pending

banks

Acquisition

Private Equity

Synopsis

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Italian billionaire Leonardo Del Vecchio completed the acquisition of a stake of 7% in Italian investment house Mediobanca through his holding company Delfin for $686m. “We are a long-term investor (in Mediobanca) and will support and speed up creation of value for all stakeholders,” Del Vecchio.

Del Vecchio to acquire 7% stake in Mediobanca for $686m.

target

bidder

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