Why Mps rejects Intesa Sanpaolo and favors Banco Bpm
The board of directors of Mps considers Intesa Sanpaolo’s takeover bid insufficient and counters with the Banco Bpm alternative. In the background, the moves of Crédit Agricole, Delfin, and other key players in the banking takeover game intertwine.
This is why the stock market continues to punish EssilorLuxottica.
From the cuts in estimates by Goldman Sachs and Deutsche Bank to doubts about smart glasses, as well as tariffs and tensions within the holding company Delfin: all the factors weighing on the stock of the EssilorLuxottica group led by Francesco Milleri.
Caos Delfin, even Milleri and Bardin are at odds.
From the refusal of the letter of patronage to the discussion on the future of holdings in Mps, Generali, and Unicredit: why the split within the board (including between chairman Milleri and CEO Bardin) makes the restructuring of the Del Vecchio heirs’ treasury even more complicated.
Delfin, who wins and who loses after the assembly
The assembly approves the accounts without Leonardo Maria del Vecchio but does not unlock the succession. The plan to increase the stake to 37.5% of the holding remains stalled amid the board’s halt, the banking issue, discussions with the other heirs, and alternative scenarios regarding the future of the family’s stronghold.
The struggles of young Leonardo Del Vecchio between Lmdv, Delfin, banks, and more
New leadership at the Lmdv family office, Talarico focused on the holding company dossier and increasingly cautious banks. In the background, the buyback, Clemente Del Vecchio’s move, and major maneuvers on financial assets.
The struggles of young Leonardo Maria Del Vecchio. Here’s why the restructuring of Delfin is at a standstill.
The €10 billion closing risks missing the symbolic June 27 deadline. On the table are guarantees, dividends, quorum, buyback, and even the possibility of liquidating the holding company that holds shares in EssilorLuxottica, Generali, and Mps.
Assicurazioni Generali, why Unicredit’s move shakes up the Italian corporate game
The offer to Delfin, anticipated by Il Sole 24 Ore, brings Assicurazioni Generali back to the center of the dispute among major banks, insurance companies, and shareholders. In the background are the Intesa-Unipol takeover bid on Mps, the Ivass issue, and the battle for control over Italian savings.
All the moves of Intesa Sanpaolo on Mps and Generali explained by Messina
What the CEO of Intesa Sanpaolo, Carlo Messina, said while presenting the takeover bid on Mps. With an eye on Generali…
Is Leonardo Del Vecchio Jr. already broke?
Leonardino is putting two properties up for sale in Milan, negotiating with banks for the large loan for Delfin, and considering expanding the pool of institutions, while the appeal of his half-brother Rocco Basilico remains pending. Facts, names, numbers, and insights.
Delfin, all the reasons behind the conflicts among the Del Vecchio family
Rocco Basilico challenges Delfin’s green light for the operation that will bring Leonardo Maria Del Vecchio to 37.5% of the family holding. In the background are the control of EssilorLuxottica, Generali, Mps, and Mediobanca, and the 10 billion lent by banks for Leonardino’s takeover bid. Facts, figures, and insights.
Delfin, why do the French BNP Paribas and Crédit Agricole pamper Del Vecchio Jr.?
10 billion agreement with the brothers, 37.5% stake and unchanged governance. Debt drives dividends and strengthens the role of Unicredit, BNP Paribas, and Crédit Agricole, while the holding company remains at the center of the banking reshuffle between MPS, Generali, and Piazza Gae Aulenti.
Essilux and Delfin: Milleri’s take on Del Vecchio Jr and the financial game of risk
Delfin’s CEO, Milleri, supports Leonardo Maria Del Vecchio’s rise to 37.5% and defends the decisions regarding MPS. The holdings remain a lever, while EssilorLuxottica remains the untouchable asset.
Hooray hooray Leonardo Maria Del Vecchio in Delfin. Or not?
Delfin and beyond: Leonardo Maria Del Vecchio’s latest moves
What will happen at Generali?
Orcel strengthens his grip on Generali while Delfin reorganizes and Mps controls 13% via Mediobanca. In the background, the reshuffle: possible sale of the stake for the alliance with Banco Bpm (denied by Siena) and the return of the Intesa option.
Mps, why Delfin said yes to Lovaglio (and no to Caltagirone)
Behind Delfin of Del Vecchio’s vote that overturns Siena is the strategy on Mediobanca and Generali. With Banco Bpm being decisive and the government caught between adaptation and new cracks. Comments and interpretations on the positions of Delfin, Banco Bpm, and the government.
Mps: who won, who lost, and who drew
What happened at the Mps shareholders’ meeting and what are the current scenarios for Mediobanca and Generali following Lovaglio’s reconfirmation in Siena and the defeat of Caltagirone’s slate. Facts, names, and insights.
