Norges Bank Opposes Proposed MPS-Mediobanca Merger and Restructuring

Norges Bank Investment Management, a major shareholder in Monte dei Paschi di Siena (MPS), has opposed key proposals for the extraordinary meeting on October 29, 2026, including a merger with Mediobanca and a partial demerger involving Mediobanca Premier and Widiba. The fund expressed concerns over transparency and potential conflicts of interest, stating that these actions do not align with maximizing shareholder returns. This opposition poses a significant challenge to the proposed strategic consolidation between MPS and Mediobanca.