Moody’s Ratings sees some potential risks for Mediobanca SpA in a possible combination with Banca Monte dei Paschi di Siena SpA, which made a hostile bid for the larger Italian bank a week ago.

Mediobanca rejected a 13.3 billion-euro takeover attempt by Monte dei Paschi, citing a lack of industrial logic and potential shareholder value destruction. The bid aimed to create Italy's third-largest bank with significant synergies.

Italian bank Mediobanca on Tuesday rejected a surprise takeover attempt by domestic rival Monte dei Paschi di Siena. Mediobanca said in a statement that the offer “is devoid of industrial and financial rationale.

Banca Monte dei Paschi di Siena SpA launched a €13.3 billion ($13.9 billion) all-share takeover bid for larger rival Mediobanca SpA, further firing up Italy’s banking consolidation.

"Mediobanca turns down Monte dei Paschi’s $14bn buyout offer" was originally created and published by Private Banker International, a GlobalData owned brand. The information on