Mediobanca Pledges Payouts Boost to Fend Off Monte Paschi

Mediobanca SpA Chief Executive Officer Alberto Nagel promised to return more money to investors as he seeks to convince them they’ll be better off if they ultimately reject a takeover bid from rival Banca Monte dei Paschi di Siena SpA.

The firm aims to pay out €4.9 billion ($5.7 billion) to shareholders over a three-year period running through mid-2028, it said in a investor presentation on Friday. That compares with a previous target of more than €4 billion for the three years ending in mid-2026.