Mediobanca, no golden power for Banca Generali takeover bid

MILAN – No golden powers in Mediobanca 's takeover of Banca Generali . Palazzo Chigi, accepting the Ministry of Economy and Finance's proposal, has announced that it will not exercise its special powers in relation to the public exchange offer (IPO) launched by Alberto Nagel for the bank controlled by the Lion of Trieste. The Piazzetta Cuccia bank itself announced the government's decision in a statement.