Monte dei Paschi di Siena (MPS) said
Monday that the government has given its blessing to its
13.3-billion-euro takeover of Mediobanca as the economy ministry
will not use its special golden power in relation to its public
exchange offer for the merchant bank.
The board of Mediobanca said the takeover bid was hostile when
MPS launched it in January.
The share prices of both banks rose in early trading on Monday,
with MPS's gaining 2.3% and Mediobanca's up 3%
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