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Lovaglio's Profit Distribution
- Banca Monte dei Paschi di Siena will return €16 billion to investors by 2030 as part of its €17 billion Mediobanca acquisition.
- Chief Executive Luigi Lovaglio aims to distribute 100% of the bank's net income during the period.
- The bank targets €9.5 billion revenue and €3.7 billion adjusted profit by 2030.
- Mediobanca's consumer credit arm will merge with Monte Paschi.
- Mediobanca's corporate and investment banking will form a new subsidiary.
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