Press Release
THE REORGANIZATION OF THE MONTEPASCHI GROUP MOVES FORWARD: THE PLANS OF DEMERGER BY WAY OF SPIN-OFF AND PARTIAL DEMERGER HAVE BEEN APPROVED
Siena, 22 June 2026 – The Boards of Directors of Banca Monte dei Paschi di Siena S.p.A. (“BMPS”), Mediobanca Premier S.p.A. (“MB Premier”) and Wise Dialog Bank S.p.A. (“Banca Widiba”), held today, have unanimously approved the plan for the demerger by way of spin-off of BMPS in favour of MB Premier (the “Demerger by way of Spin-off”) and the plan for the partial demerger of MB Premier in favour of Banca Widiba (the “Partial Demerger” and, together with the Demerger by way of Spin-off, the “Demergers”).
The resolutions adopted by the Board of Directors of BMPS in relation to the Demergers are consistent with the implementation of the reorganization project of the MPS Group, approved on 17 February 2026, which, in addition to the merger by incorporation of Mediobanca - Banca di Credito Finanziario Società per Azioni into BMPS (“Mediobanca” and the “Merger”, respectively), provides for the following transactions:
- the assignment of the corporate & investment banking and private banking activities serving high-end clients, including Mediobanca’s foreign branches, to an unlisted company wholly owned by BMPS, which will be named “Mediobanca S.p.A.”, to which the shareholding in Assicurazioni Generali S.p.A. will also be transferred; and
- the integration of the networks of financial advisors of MB Premier and Banca Widiba.
Such transactions will be implemented, subject to the effectiveness of the Merger, by means of, respectively, the Demerger by way of Spin-off and the Partial Demerger, which will be submitted, including for the purposes of Article 104 of Italian Legislative Decree No. 58/1998, as subsequently amended and supplemented (the “Consolidated Financial Act”), for approval by the Shareholders’ Meeting, subject to the obtaining of the necessary authorizations from the competent Authorities.
The integration of Mediobanca into BMPS moves forward and, as previously announced, the completion of the corporate reorganization transactions is expected by the fourth quarter of this year.
Furthermore, with the support of the advisors, the preliminary analysis and assessment activities are proceeding in relation to the potential merger transaction proposed by Banco BPM and the voluntary public exchange and tender offer notified by Intesa Sanpaolo pursuant to Article 102 of the Consolidated Financial Act.
