Monte dei Paschi di Siena, the oldest bank in the world, was at risk of collapse until a few years ago. Saved by recapitalizations and public intervention, today Mps surprises the markets: it is setting the rules of the game, conquering Mediobanca with an operation that marks an epochal change.

The successful assault on Piazzetta Cuccia

With 62.3% of the capital in hand, Mps becomes the new controlling shareholder of Mediobanca. From September 15, the institution led by Alberto Nagel will officially become a subsidiary of Monte, which will thus be able to carry out a merger plan capable of generating synergies of 700 million and exploiting almost 3 billion in tax credits.

Lovaglio, the "restorer" turned "conqueror"

CEO Luigi Lovaglio, who had brought Mps back on track after years of crisis, now consolidates his role as the absolute protagonist of Italian finance. "The market has supported our growth and integration project. A union between two excellences that strengthens the country's system," said the CEO.