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Borsa, Mediobanca flies on Bolloré and Fonsai

The financier said he was ready to increase his stake in the bank's capital (today at 6%), by purchasing Groupama's stake (4,9%) – If the Unipol-Fonsai deal goes through, the credit of the institution (1,5 billion euro subordinated to the two insurance groups) would be better guaranteed.

Borsa, Mediobanca flies on Bolloré and Fonsai

The Mediobanca stock shines in Piazza Affari, gaining almost two and a half points in mid-morning, leading the rises of the Ftse Mib. To drag the title of the institute are above all the words Vincent Bolloré, who said he was ready to increase his stake in the Bank's capital (today at 6%, bound by the syndicate agreement), by purchasing Groupama's stake (4,9%). “Positive news – comment the Intermonte analysts -, as it reduces the risk that shareholders in difficulty such as Groupama could sell their shares on the market”.

However, the Mediobanca stock is also supported by developments of the Unipol-Fonsai operation. "If it were to go through - underline again from Intermonte - the bank's credit (1,5 billion euro subordinated to the two insurance groups) would be better guaranteed and in the medium term Mediobanca's exposure to the new group should be reduced as also requested by the Antitrust”.

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