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The bank said it expects to complete the Mediobanca integration this year and has guided for revenue to grow 4.6% annually to reach €9.5 billion by 2030.

Italy's Monte dei Paschi di Siena said on Friday it would complete the merger with Mediobanca by the end of the year and aim to reach a profit of 3.7 billion euros ($4.4 billion) for the combined group in 2030.

Shares in Mediobanca rose after majority-owner Banca Monte dei Paschi di Sienna said it would delist the Italian investment bank from Milan's stock exchange.

Monte dei Paschi di Siena (MPS) will take full control of Mediobanca and delist it while preserving its brand, ending weeks of uncertainty over the future of the merchant bank.

Banca Monte dei Paschi di Siena S.p.A. (OTCMKTS:BMDPF - Get Free Report) was the recipient of a significant growth in short interest during the month of January. As of January 30th, there was short interest totaling 9,355,731 shares, a growth of 22.3% from the January 15th total of 7,649,430 shares. Based on an average daily