Mediobanca's Nagel continues to cash in after the MPS takeover bid: the banker sells shares and pockets over €21 million.

Mediobanca CEO Alberto Nagel , who is expected to announce his resignation today along with the rest of the Piazzetta Cuccia Board of Directors during the Board meeting following MPS 's successful takeover bid for the Milanese bank, has sold one million Mediobanca shares he holds for approximately €21.3 million , taking advantage of the reopening terms of MPS's offer. This was revealed in communications on internal dealing.

Mediobanca's general manager, Francesco Saverio Vinci, sold 400,000 shares for a total of approximately €8.5 million, while Renato Pagliaro, chairman of the Piazzetta Cuccia board of directors, sold 100,000 shares for approximately €2.1 million.

MPS-Mediobanca: Transactions from a Few Days Ago

Just a few days ago , Alberto Nagel sold approximately one million shares at an average price of €22.08 each , bringing home over €22 million. These shares were the result of 25 years of performance shares accumulated throughout his career. But Nagel wasn't the only one. General Manager Francesco Saverio Vinci sold 400,000 shares for nearly €9 million , while Chairman Renato Pagliaro settled for "only" €2 million, selling 100,000 shares.

Mediobanca's top managers cash in after the MPS takeover bid: Nagel sells shares and pockets €22 million.