Trieste \u2013 Le groupe d'assurance Assicurazioni Generali tend la main \u00e0 la banque en difficult\u00e9 Monte dei Paschi di Siena. Le conseil d'administration s'est d\u00e9clar\u00e9 pr\u00eat \u00e0 examiner l'offre d'\u00e9change non sollicit\u00e9e par laquelle la banque cherche \u00e0 prendre le contr\u00f4le de sa filiale Banca Generali. Cette d\u00e9cision rev\u00eat une grande importance, car Generali d\u00e9tient 50,2 % de cet \u00e9tablissement et en est donc l'actionnaire majoritaire.<\/p>\n
L'offre pr\u00e9voit un simple \u00e9change d'actions : pour chaque titre de la Banca Generali, MPS propose 6,958 de ses propres actions, soit une prime d'environ 10 % par rapport au dernier cours. Pour que l'offre aboutisse, la banque doit recueillir au moins 50 % des actions plus une \u2013 ce qui sera difficilement r\u00e9alisable sans l'accord de la soci\u00e9t\u00e9 m\u00e8re. La valeur de la transaction est estim\u00e9e \u00e0 environ 8,7 milliards d'euros.<\/p>\n
Derri\u00e8re cette initiative se cache Luigi Lovaglio, pr\u00e9sident du directoire de Monte dei Paschi. Il poursuit plusieurs objectifs \u00e0 la fois : parall\u00e8lement \u00e0 l'offre faite sur Banca Generali, une offre a \u00e9t\u00e9 d\u00e9pos\u00e9e pour Banco BPM, dont le conseil d'administration a d\u00e9j\u00e0 rejet\u00e9 la proposition, la qualifiant de rachat sans v\u00e9ritable prime. Au total, les projets de Lovaglio repr\u00e9sentent un volume d\u2019environ 25 milliards d\u2019euros. L\u2019ensemble est consid\u00e9r\u00e9 comme une man\u0153uvre d\u00e9fensive par laquelle cet \u00e9tablissement siennois de longue tradition se prot\u00e8ge contre les avances du g\u00e9ant du secteur, Intesa Sanpaolo.<\/p>\n
Generali souligne que cette offre n'a \u00e9t\u00e9 ni sollicit\u00e9e ni convenue au pr\u00e9alable ; l'entreprise souhaite toutefois l'\u00e9valuer dans la perspective d'une \u00e9ventuelle coop\u00e9ration industrielle plus large. Le conseil d'administration prend ainsi d\u00e9lib\u00e9r\u00e9ment le temps n\u00e9cessaire pour proc\u00e9der \u00e0 un examen approfondi. C'est finalement l'assembl\u00e9e g\u00e9n\u00e9rale des actionnaires de MPS, pr\u00e9vue le 29 octobre, qui d\u00e9cidera du sort de l'ensemble de l'op\u00e9ration.<\/p>\n
Les observateurs y voient des obstacles de taille. L'agence de notation Fitch souligne l'existence de risques de mise en \u0153uvre consid\u00e9rables et de nombreuses questions en suspens. Il est pour l'instant difficile de savoir si cela aboutira \u00e0 la cr\u00e9ation d'un nouveau g\u00e9ant financier ou si le maquis d'offres concurrentes finira par se d\u00e9sagr\u00e9ger.<\/p>","protected":false},"excerpt":{"rendered":"
Le groupe d'assurance Generali entend examiner l'offre d'\u00e9change non sollicit\u00e9e de Monte dei Paschi di Siena concernant sa filiale Banca Generali.<\/p>","protected":false},"author":2,"featured_media":341097,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inwp_podcast_mp3":"","inwp_podcast_apple":"","inwp_podcast_spotify":"","inwp_podcast_youtube":"","inw_restaurant_url":"","inw_restaurant_lat":"","inw_restaurant_lng":"","in_event_type":"","in_event_featured":"","in_event_teaser":"","in_event_name":"","in_event_address":"","in_event_status":"","in_event_turnus":"","inw_hotel_email":"","inw_hotel_type":"","inw_hotel_name":"","inw_hotel_street":"","inw_hotel_zip":"","inw_hotel_city":"","inw_hotel_region":"","inw_hotel_country":"","inw_hotel_phone":"","inw_hotel_url":"","inw_hotel_lat":"","inw_hotel_lng":"","inw_hotel_pricerange":"","inw_hotel_stars":"","inw_hotel_amenities":"","in_event_start":"","in_event_end":"","in_event_time":"","in_event_time_end":"","in_event_location":"","in_event_city":"","in_event_region":"","in_event_price":"","in_event_organizer":"","in_event_url":"","in_event_sort":"","in_event_sort_end":"","jnews-multi-image_gallery":[],"jnews_single_post":{"format":"standard","subtitle":"Der Verwaltungsrat des Versicherers zeigt sich bereit, den Tauschvorschlag der Krisenbank f\u00fcr seine Tochter Banca Generali zu pr\u00fcfen.","jnews_video_option_group":[[]],"override":[{"template":"1","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"topbottom","share_float_style":"share-monocrhome","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"1","post_reading_time_wpm":"250","post_calculate_word_method":"str_word_count","show_zoom_button":"1","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_prev_next_post":"1","show_popup_post":"1","number_popup_post":"4","show_author_box":"1","show_post_related":"1"}],"image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post_position":"meta","trending_post_label":"Trending","sponsored_post_label":"Sponsored by","disable_ad":"0"},"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":{"view_counter_number":"0","share_counter_number":"0","like_counter_number":"0","dislike_counter_number":"0"},"footnotes":""},"categories":[1057],"tags":[8402,21908,19346,7428,21909,21554,6358],"class_list":["post-341102","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-wirtschaft","tag-banken","tag-generali","tag-intesa-sanpaolo","tag-italien-news","tag-luigi-lovaglio","tag-monte-dei-paschi-di-siena","tag-triest"],"_links":{"self":[{"href":"https:\/\/italien.news\/fr\/wp-json\/wp\/v2\/posts\/341102","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/italien.news\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/italien.news\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/italien.news\/fr\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/italien.news\/fr\/wp-json\/wp\/v2\/comments?post=341102"}],"version-history":[{"count":0,"href":"https:\/\/italien.news\/fr\/wp-json\/wp\/v2\/posts\/341102\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/italien.news\/fr\/wp-json\/wp\/v2\/media\/341097"}],"wp:attachment":[{"href":"https:\/\/italien.news\/fr\/wp-json\/wp\/v2\/media?parent=341102"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/italien.news\/fr\/wp-json\/wp\/v2\/categories?post=341102"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/italien.news\/fr\/wp-json\/wp\/v2\/tags?post=341102"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}