Milan Stock Exchange Mixed as Amplifon Plummets and UniCredit Makes Strategic Move

Milan’s stock exchange experienced a mixed session on Monday, March 16, 2026, with the FTSE Mib showing fractional gains while individual stocks like Amplifon and UniCredit faced significant headwinds. Broader European markets also exhibited caution amid ongoing geopolitical tensions in the Middle East and anticipation of key decisions from the Federal Reserve and the European Central Bank (ECB).

FTSE Mib and Market Overview

As of 2:45 pm local time, the FTSE Mib gained 0.41% to reach 44,499 points, fluctuating between a low of 43,829 and a high of 44,499 points. The FTSE Italia All Share rose 0.32%, while the FTSE Italia Mid Cap and FTSE Italia Star experienced declines of 0.72% and 1.44%, respectively. Bitcoin exceeded $74,000 (approximately €65,000).

UniCredit’s Bid for Commerzbank

UniCredit saw a positive move, increasing 0.39% to €63.75 following the announcement of a voluntary public exchange offer for shares of Commerzbank. This move, aligned with German takeover regulations, aims to exceed a 30% stake in the German bank. The proposed exchange ratio is 0.485 UniCredit shares for each Commerzbank share. Source

Banco BPM also performed well, rising 2.01% to €11.66.

Amplifon’s Sharp Decline

Amplifon experienced a significant drop, declining 7.09% to €9.774. This decline followed the announcement of a definitive agreement to acquire GN Hearing from Danish group GN Store Nord. The transaction values GN Hearing at approximately €2.3 billion on a cash and debt-free basis, to be funded through a combination of cash and shares. Source, Source

Oil Sector and Other Movers

Oil sector stocks came under pressure as the price of crude oil in New York (April 2026 contract) retreated from an intraday high of $102.5 to $95 per barrel. ENI decreased 0.2% to €22.305. Source

STM stood out with a positive performance, increasing 3.23% to €29.53.

STAR Segment Performance

In the STAR segment, The Italian Sea Group experienced a substantial decline of 39.3% to €1.23 after requesting the appointment of an independent expert for a negotiated settlement. Marr also fell sharply, dropping 15.2% to €6.72. Source

Broader Market Context

The market’s movements occurred against a backdrop of geopolitical uncertainty in the Middle East and anticipation of monetary policy decisions from major central banks, including the Federal Reserve and the ECB. These factors are contributing to volatility and caution among investors. Source