MPS in Italy Under Investigation for Mediobanca Acquisition

Written by Emily J. Thompson, Senior Investment Analyst

Source: Reuters

Updated: Nov 27 2025

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Source: Reuters

Investigation into MPS: Italy's Monte dei Paschi di Siena (MPS) and its top shareholders are under investigation in Milan regarding the bank's takeover of Mediobanca, with allegations of market rigging and obstruction of regulators.
Cooperation with Authorities: MPS's CEO, Luigi Lovaglio, confirmed the investigation and stated the bank is cooperating with authorities to clarify the situation, expressing confidence in its actions.
Significant Financial Deal: The €16 billion bid for Mediobanca, which MPS completed in September, is the largest deal in a recent wave of mergers reshaping Italy's financial sector, supported by the government.
Shareholder Background: Major shareholders Francesco Gaetano Caltagirone and Delfin, who played a crucial role in the Mediobanca bid, have been under investigation since June, with their involvement becoming public following recent searches by prosecutors.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.