Mediobanca-Backed Polus Explores Strategic Options

Polus Capital Management, the asset manager that is majority-owned by Italy’s Mediobanca SpA, is exploring strategic options amid efforts by Banca Monte dei Paschi di Siena SpA to acquire Mediobanca, according to people with knowledge of the matter.

Polus, which invests in special situations, leveraged and structured credit, has begun discussing options with potential partners, said the people, all of whom asked not to be identified discussing private information. Deliberations are at an early stage and no final decisions have been made, the people said.