The public exchange of exchange on actions proceeds Mediobancapromoted by Banca Monte dei Paschi di Sienawhich has already collected 13.5% of the adhesions after about a month from the start of the operation. To give a surge in the adhesions, the actions brought in membership by the Caltagirone-Delfin duo could compete, while the process of exiting the capital of the Gavio brothers, Beniamino and Marcello continues, also through the Aurelia Srl family financial financial, who sold other actions on the MTA market.
The latest adhesions data
According to the data published by Borsa Italiana, last August 14, 111,754,495 requests for adhesion to the totalitarian volunteer ops promoted by Banca Monte dei Paschi di Siena were submitted on the ordinary actions of Mediobanca.
Overall, since the beginning of the OPS, the requests for membership have therefore risen to 112,283,025, equal to 13.4748% of the shares covered by the offer (or 13.2182% on any maximum 849,458,551 shares subject to offer issued in favor of the beneficiaries of the incentive plans). A clear acceleration compared to 0.063% detected only the day before.
The offer began on July 14, 2025 and will end on September 8, 2025. However, it should be remembered that the Mediobanca ordinary shares purchased on the market on 5 and 8 September 2025 cannot be made in membership of the offer.
Caltagirone and Delfin adhere to OPS
As announced, Caltagirone And Delfin, the financial of the old family, agreed to join the offer. In the memberships that have come down to before August, as reconstructed in financial environments, the shares in possession of Caltagirone are not yet included, equal to about 10% of the capital of Mediobanca, while a part of those in possession of Delfin could be included, which holds a total share of 20%, but also those of other large members.
Objective to reach 66%
The goal of Montepaschi, according to what reiterated by the Ad Luigi Lovaglio, is to exceed the 66% of the membership threshold, and the banker said he was repeatedly confident that he can reach this threshold, but during the conference call on the results of the semester, he admitted that it would also be enough to reach the technical threshold of 35% to consider the success and obtain the fact that the management of Piazzetta Cuccia.
The Gavio sell other actions
Meanwhile, the brothers Gavio, Beniamino and Marcello, also through the Aurelia Srl family financial financial company, continue to sell their actions on the market. With three different communications to Borsa Italiana, as members of the Mediobanca consultation pact and in reference to the Montepaschi Opes, it emerged that, on August 14, Beniamino Gavio sold 275,000 shares at an average price of 21,2414 euros, Marcello Gavio 25,000 at a price of 21,2628 euros and Aurelia 7,000 shares at 21,2934 euros, for a total collection of about 7.97 million of euros.
The actions held by the Gavio Group will also be crucial in view of the count for the Mediobanca Assembly, which has the approval of the OPS on Banca Generali on the agenda, called for next August 21, whose record dates was set at 11 August. Since the last update useful in early August it appears that the Gavio participated in the consultation pact of Mediobanca with 3,209,000 shares, equal to 4.88% of the total and 0.39% of the share capital, but this share may have still been reduced following the sale of shares.
