Mediobanca shareholders reject €6.3bn Banca Generali deal
Milanese lender says 10% of investors opposed proposal and 32% abstained in hastily convened vote
Milanese lender says 10% of investors opposed proposal and 32% abstained in hastily convened vote

Insurer agrees to proceed with talks about €6.3bn sale of private banking arm

Lender backed by Italian state is close to securing majority support for its audacious takeover bid

Sale of Monte dei Paschi di Siena shares shows European governments are keen to retain control of key assets

UniCredit, Norway’s oil fund and BlackRock were among investors wanting shares in process run by small local bank

Integration plan due within six months of deal will detail funding strategies as well as IT and cyber security risks

MPS vote boosts chief Luigi Lovaglio before his three-year term expires in April