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BRIEF-Mediobanca may raise dividend payout depending on M&A opportunities-CEO
May 10, 2017 / 5:50 PM / in 3 months

BRIEF-Mediobanca may raise dividend payout depending on M&A opportunities-CEO

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May 10 (Reuters) - Mediobanca CEO Alberto Nagel tells media call:

* may consider slightly increasing dividend payout in current financial year if capital allows it but depends on M&A opportunities, bank always on the lookout

* results in current financial year will be ahead of targets incorporated in 2017-2019 business plan for first year

* has revised upwards price at which it would sell its stake in RCS in light of publisher's improving performance

* third quarter was exceptionally good and "can't be the norm" but expects good results also in current quarter

* nothing has changed regarding disposal strategy of stake in Generali Further company coverage: (Reporting by Milan Newsroom)

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