ROME (Reuters) -Mediobanca’s biggest investor, Delfin, will continue to assess Monte dei Paschi’s “very interesting” offer for the merchant bank, the chairman of the holding said on Tuesday.
“Any possible adjustment in the bid which will reflect Mediobanca’s market price would make the offer more attractive for investors,” Francesco Milleri said in an interview with Italian daily Corriere della Sera.
Delfin, the holding company of late Ray-Ban billionaire Leonardo Del Vecchio, owns 19.8% in Mediobanca and 9.866% in Monte dei Paschi.
Earlier this month, Mediobanca renewed its opposition to MPS’ 14.6 billion euro ($16.92 billion) takeover offer, saying the price was “totally inadequate” and some 32% lower than what the bank’s board deemed fair.
Delfin became investor in Monte dei Paschi when the Italian Treasury in November sold a stake in the bank.
($1 = 0.8631 euros)
(Reporting by Giancarlo Navach, writing by Giulia Segreti, editing by Cristina Carlevaro and Harikrishnan Nair)
