December 28, 2018 / 7:25 AM / 20 days ago

Italy's Mediobanca ready to spend 2 billion euros on M&A: CEO to paper

MILAN (Reuters) - Italian investment bank Mediobanca (MDBI.MI) has earmarked 2 billion euros ($2.29 billion) for acquisitions in 2019, its Chief Executive Alberto Nagel told daily La Stampa on Friday.

The bank aims to boost assets under management with M&A and is interested in particular in the wealth management business, he said.

Mediobanca may reach 4 billion euros in net inflows in 2018. Nagel said.

Reporting by Francesca Landini; Editing by Catherine Evans

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