Italy’s Paschi Stake Sale Is Step in Plan to Spur Bank M&A
Italian Prime Minister Giorgia Meloni moved forward with her plan to use the privatization of Banca Monte dei Paschi di Siena SpA to promote domestic banking consolidation as the latest share sale saw several national firms buy major stakes.
A little over a week ago, Italian Finance Minister Giancarlo Giorgetti approached some of the country’s wealthiest investors ...
Over 137 million MPS shares have been traded in the last few days, almost 11% of the bank's capital for a value of over 720 ...
Banco BPM has bought a stake in Banco Monte dei Paschi di Siena from the Italian government, which on Wednesday night set ...
Banca Monte dei Paschi di Siena reported third-quarter results ahead of expectations, led by higher income from fees and ...
Monte dei Paschi di Siena (MPS) jumped 9.5% after Italy sold a 15% stake in the bank to rival Banco BPM, which also ...
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