FTSE MIB Trades Higher

2026-08-21 08:14 By Kyrie Dichosa 1 min. read

The FTSE MIB rose to around 52,800 on Friday, following a nearly flat session on Thursday, with heavyweight financials remaining in focus amid ongoing merger and takeover activity.

Monte dei Paschi di Siena launched €34 billion in all-share offers for Banco BPM and Banca Generali, aiming to create a larger banking group and counter Intesa Sanpaolo’s takeover bid for MPS.

MPS gained 0.8%, while Banco BPM and Banca Generali fell 0.8% and 2.9%, respectively.

Meanwhile, Avio rose 0.2% after private equity firm Advent International said it was considering buying additional shares, on top of the roughly 7% stake it will acquire through a planned reserved share issue.

Other notable gainers included technology stocks STMicroelectronics and Prysmian, both up nearly 2%, while automakers Ferrari and Stellantis gained 0.9% and 1.4%, respectively.

For the week, the index is heading for a second straight decline.



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FTSE MIB Trades Higher
The FTSE MIB rose to around 52,800 on Friday, following a nearly flat session on Thursday, with heavyweight financials remaining in focus amid ongoing merger and takeover activity. Monte dei Paschi di Siena launched €34 billion in all-share offers for Banco BPM and Banca Generali, aiming to create a larger banking group and counter Intesa Sanpaolo’s takeover bid for MPS. MPS gained 0.8%, while Banco BPM and Banca Generali fell 0.8% and 2.9%, respectively. Meanwhile, Avio rose 0.2% after private equity firm Advent International said it was considering buying additional shares, on top of the roughly 7% stake it will acquire through a planned reserved share issue. Other notable gainers included technology stocks STMicroelectronics and Prysmian, both up nearly 2%, while automakers Ferrari and Stellantis gained 0.9% and 1.4%, respectively. For the week, the index is heading for a second straight decline.
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The FTSE MIB closed largely unchanged at 52,666 on Thursday, as merger and takeover developments continued to shape sentiment around heavyweight financials. MPS fell 0.3% after its board approved plans to launch separate bids for Banco BPM (0.9%) and Generali-controlled (-0.1%) Banca Generali, in an effort to fend off a takeover bid from Intesa Sanpaolo (0.4%). BPER Banca (-0.3%) and Unipol (-3.0%) were also affected, while UniCredit (0.6%) has built a stake in Generali in recent months, which it has described as a financial investment. Meanwhile, Eni advanced 2.6%, tracking higher global oil prices after US President Donald Trump announced a sweeping package of economic measures targeting Iran. Utilities outperformed, led by Italgas (2.0%) and Snam (1.3%). On the downside, Stellantis fell 3.7%, erasing recent gains, while Amplifon declined 3.0% after GN Hearing reported disappointing quarterly results.
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