(Alliance News) – Delfin, the holding company of the Del Vecchio family, increased its stake in Monte dei Paschi di Siena from 3.5% to 9.8%, becoming the largest private shareholder, Il Corriere wrote on Friday della Sera.
The purchase of 6.3% of the capital, or around 500 million euros, brings the total investment to around 800 million euros.
According to Il Corriere, this operation is part of Delfin’s strategy aimed at balancing industrial and financial investments. The objective appears to be to strengthen his position in the bank and influence its governance.
In recent months, the state has reduced its stake in MPS from 64.2% to 11.7%, while new private investors, such as the Caltagirone group, have increased their stake.
Delfin, after initially buying 3.5% in November, increased its stake through a derivative transaction managed by Natixis. With a dividend of 1.1 billion euros in 2023, largely coming from Mediobanca, Generali and UniCredit, Delfin places itself at the center of the banking resurgence, according to the newspaper.
After the resignation of five board members, Delfin appointed Barbara Tadolini, while the Caltagirone group appointed two representatives. The board will be renewed in 2026, with both groups set to play a larger role.
-Other private shareholders, such as Banco BPM and Anima Holding, also increased their stake.
In the meantime, MPS continues to work on strategic projects, such as green investments in the agricultural sector, in collaboration with Coldiretti and the Italian Biogas Consortium.
By Claudia Cavaliere, journalist at Alliance News
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