Mediobanca S.p.A. reported consolidated earnings results for the third quarter and nine months ended March 31, 2013. For the quarter, the company reported net interest income of EUR 245.7 million against EUR 258.7 million for the same period last year. Total income was EUR 262.5 million against EUR 564.1 million for the same period last year. Loss before tax was EUR 34.2 million against profit of EUR 120.0 million for the same period last year. Net loss was EUR 86.6 million or EUR 0.04 per share against profit of EUR 41.5 million for the same period last year. For the nine months, the company reported net interest income fell by 6.1%, from EUR 813.3 million to EUR 763.4 million, the reduction being chiefly due to the corporate and investment banking segment, where net interest income was down from EUR 295.5 million to EUR 222.9 million. The result reflects the Bank's liquidity levels, with sharply declining market interest rates, a growing average cost of funding and ongoing asset reprising. Total income was EUR 1,173.5 million against EUR 1.537.4 million for the same period last year. Profit before tax was EUR 174.3 million against EUR 256.6 million for the same period last year. Net profit fell from EUR 104.9 million to 37.2 million, mostly due to the loss reported by the Principal Investing. BVPS as on March 31, 2013 was EUR 8.3.

Mediobanca S.p.A., Q3 2013 Earnings Call, May 09, 2013

Telecom Italia S.p.A.’s holding company, Telco S.p.A. denied being in contacts with Hutchison Whampoa Ltd. or with Telecom Italia regarding a possible tie-up between Telecom Italia and Hutchison. It was earlier reported that Hutchison intends to acquire a 29.9% stake in Telecom Italia for €1.20 ($1.57) per share. Telecom Italia’s shares had closed at €0.60 on April 9, 2013. In a filing to the Italian stock exchange, Telco stated that none of Telecom Italia’s shareholders has had recent contacts with Hutchison Whampoa or with Telecom Italia. Telco's shareholders are Intesa Sanpaolo S.p.A., Assicurazioni Generali S.p.A., Mediobanca S.p.A. and Telefónica, S.A. On April 9, 2013 Telecom Italia stated that said it has held only preliminary nonbinding contacts with Hutchison to assess the feasibility of an integration process. The matter will be discussed with the company’s Board of Directors at a meeting on April 11, 2013.