Mediobanca, the second industrial revolution. With the previous three-year plan, which ended in June, was given a shot crucial to the dismantling of the spider’s web of investments, which helped to give the Mediobanca historical in the robes of the centaur, half bank and half a holding company. With the plan to 2019, which is shown today, the weight of equity investments will become marginal with respect to the three axes on which you intend to reconfigure the business – corporate and investment banking, consumer banking and wealth management – but with a functional role to support the development.
From the sale of 3% of the General (to drop to a share of 10%) and other assets available-for-sale counts, in fact, in the three-year period to obtain 1.3 billion, which can be used in good part to finance the external growth with the acquisitions (but not in investment banking, where the capital are the "people"). In this scheme, in particular, is expected to double in the wealth management business, with a helped, in the long term, of 40% to the fees of the group. The first step in the direction of the new plan, the acquisition by Mediolanum of 50% of Banca Esperia, which will be integrated in the group of Piazzetta Cuccia to develop synergies with other business areas.
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