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Stock market: Mediobanca fluctuates on rumors of buying Groupama shares

After losing about half a percentage point yesterday, Mediobanca failed to recover after entrepreneur Bollorè said yesterday that he believes it is possible that some French or international investors could buy Groupama shares.

Stock market: Mediobanca fluctuates on rumors of buying Groupama shares

Among the banks that today are unable to take advantage of the timid rise recorded by Piazza Affari there is also Mediobanca which is experiencing a rather fluctuating session, given that the share has crossed the parity line on more than one occasion and half afternoon is around -0,4% a € 6,345 per share. After losing about half a percentage point yesterday, Mediobanca failed to recover after yesterday the entrepreneur Bollorè said that he believes it is possible that some French or international investors could buy Groupama's shares, in order to maintain the share of foreign shareholders at 11%. 

According to Equita SIM analysts, the news would be positive for Mediobanca because it would reduce the overhang to 2% of Generali and 1% of Italmobiliare. In the meantime, the positive view on the shares of the Piazzetta Cuccia institute has been confirmed, which according to the Milan SIM remain to be purchased, with a target price of 7,1 euros.

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