Monte dei Paschi Launches €13.3 Billion Bid for Mediobanca
Monte dei Paschi di Siena has launched a €13.3 billion takeover bid for its rival, Mediobanca, aiming to execute the deal through a share swap. Mediobanca’s market value stands at €12.7 billion, while Monte dei Paschi’s is €8.8 billion. The largest shareholder, Delfin, holds a 20% stake in Mediobanca and 10% in Monte dei Paschi, positioning it as a pivotal player in the transaction. Once a troubled bank rescued by the Italian government in 2017, Monte dei Paschi has undergone a remarkable transformation, reducing the state’s stake to less than 12%. This ambitious bid signals Monte dei Paschi’s resurgence as a significant force in Italy’s banking sector.
24/01/2025
An update to our trademark report is now available
To access it, please log in to your account and go to the "Trademark" section. If you're not registered yet, simply sign up with your reference number.
23/01/2025
TikTok Crushes 'TekTik' in Trademark Showdown
TikTok Information Technologies UK Limited secured a victory in the EUIPO opposition case against the 'TekTik' trademark application by Turingturbo. The ruling found significant similarities between 'TekTik' and TikTok’s trademarks, including overlapping goods such as downloadable applications and wearable tech. The Opposition Division highlighted the likelihood of consumer confusion, particularly among the Spanish-speaking public, given the visual and phonetic resemblance of the marks. The following visualisation provides detailed information on the refused 'TekTik' trademark.