(Alliance News) - As reported by Il Corriere della Sera on Friday, MPS is entering a crucial phase: by October 3rd, it must present its list of candidates for CEO and chairman of Mediobanca, following the board's resignation.

The decisions will hinge on the outcome of the OPAS, which closes on Monday. Should participation exceed 64.7%, a technical leadership could be appointed to oversee the delisting and gradual merger; otherwise, a new management team may be considered, with the selection process entrusted to Korn Ferry, the newspaper continues.

The board could be reduced from 15 to 9 members, with Panizza and Pucci expected to remain.

Among the potential CEO candidates are Riccardo Mulone of UBS Italy, Francesco Pascuzzi of Goldman Sachs, and Giorgio Cocini of Pimco.

If MPS reaches between 66.7% and 90% of the capital, the choice remains between maintaining the listing or proceeding with a delisting, involving a share swap without a premium, Il Corriere explains.

The integration aims to create a banking group based on three pillars: retail, wealth management, and corporate & investment banking, with Mediobanca's governance at the heart of its priorities.

By Claudia Cavaliere, Alliance News reporter

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