Mediobanca board backs Monte dei Paschi merger and Milan delisting
MPS vote boosts chief Luigi Lovaglio before his three-year term expires in April
MPS vote boosts chief Luigi Lovaglio before his three-year term expires in April

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

Luigi Lovaglio served with notice by Milan prosecutors in probe linked to Mediobanca takeover

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

The proceeds would help fund tie-up between Monte dei Paschi di Siena and Banco BPM

Incumbent left off list of candidates for new board ahead of his current term ending next month

Monte dei Paschi di Siena’s board stripped Luigi Lovaglio of his powers, setting up a fight for its leadership