ROME, Dec 6 (Reuters) – Italy’s market regulator has found no evidence of a secret agreement involving Monte dei Paschi di Siena and some of its shareholders to gain control of Mediobanca and insurer Generali, Il Sole-24 Ore reported on Saturday.
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The Italian financial daily cited a document dated September 15 from Consob’s issuer supervision division and said it had found “no secret pact exists”.
The regulator had addressed allegations of a “concerted effort” involving MPS’s CEO Luigi Lovaglio, Delfin’s chairman Francesco Milleri, and construction tycoon Francesco Gaetano Caltagirone, to gain control of Mediobanca and insurer Generali, while avoiding a mandatory takeover bid.
A Consob spokesperson declined to comment.
Lovaglio, Milleri, and Caltagirone have denied any wrongdoing.
Il Sole-24 Ore said the Consob document, which “completely diverges from the investigators’ hypotheses,” has been sent to the Milan prosecutor’s office.
Reporting by Giselda Vagnoni; editing by Barbara Lewis
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