Monte dei Paschi di Siena has announced a €13.3 billion takeover bid for Mediobanca, valuing its shares at €15.99 each. The offer aims to create significant profitability and maintain a solid capital position. Mediobanca shares rose by 6.5% following the announcement, while Monte Paschi shares fell by 4%. This move comes after the Italian government has been working to re-privatize Monte Paschi, which has undergone restructuring under CEO Luigi Lovaglio. Teljes cikk (Euronews.com)