Italy
MEF launches accelerated procedure for sale of 7% of MPS
Economy ministry starts sell-off of world's oldest bank
The Ministry of Economy and Finance
(MEF) on Wednesday announced that it has launched an accelerated
order collection procedure ("Accelerated Book Building - ABB")
for the sale of n. 88,178,280 ordinary shares of Banca Monte dei
Paschi di Siena (MPS) corresponding to approximately 7.00% of
the share capital of the Bank.
The Tuscan bank is the world's oldest.
MPS has been through painful restructuring after years of losses
and bad debts, which it has put behind it.
ALL RIGHTS RESERVED © Copyright ANSA
Related
Share this page
Guest Posts by Easy Branches
