Italy’s Mediobanca is looking to make a private banking acquisition, according to managing director Alberto Nagel. Mr Nagel said that Mediobanca wants to increase its international presence by entering the UK and Russian markets. “We are reviewing the market, analysing every possible transaction,” said Mr Nagel, adding that the group would not accept a significant dilution of its earnings per share in such a transaction. Mediobanca also has operations in France, Germany and Spain as well as a New York brokerage.