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UniCredit minded not to exit Mediobanca pact in Sept - sources

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By Reuters
UniCredit minded not to exit Mediobanca pact in Sept - sources
The UniCredit-Banca di Roma bank headquarters is seen in Rome, Italy September 30, 2018. REUTERS/Alessandro Bianchi   -   Copyright  ALESSANDRO BIANCHI(Reuters)
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MILAN (Reuters) – Italy’s biggest bank UniCredit <CRDI.MI> is minded not to leave the shareholder pact of influential investment bank Mediobanca <MDBI.MI> in September, two sources familiar with the matter said on Monday.

Members of the shareholder pact of Mediobanca, which is the top investor in Italy’s biggest insurer Generali <GASI.MI>, have until the end of September to take a decision on whether they wish to exit the pact or not.

Shareholders in the pact hold a combined 28.5 percent stake in Mediobanca.

UniCredit declined to comment.

(Reporting by Gianluca Semeraro, writing by Stephen Jewkes; editing by Agnieszka Flak)

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