Mediobanca to acquire Banca Generali for €6.3bn.

Mediobanca, a European investment banking boutique, agreed to acquire Banca Generali, an Italian bank focused on private banking and wealth management for high-net-worth individuals, for €6.3bn. "The combination between the two companies will produce a European market leader, distinctive for its positioning and brand, and for the quality of its human capital. The DNA shared by Mediobanca and Banca Generali, of excellence and distinctiveness, further strengthens the industrial rationale for the deal, with visible synergies achievable and low execution risk," Mediobanca.