Monte dei Paschi completed the acquisition of an 86.3% stake in Mediobanca for €16.5bn.

Monte dei Paschi, an Italian bank, completed the acquisition of an 86.3% stake in Mediobanca, an investment bank, for €16.5bn. This transaction establishes a new competitive force among the leaders of the Italian banking sector, offering a broad and diversified range of products and services to households, businesses, and local communities.