The Italian government has increased the sale of its stake in Monte dei Paschi from 20% to 25%, raising $1 billion. The shares were sold at $2.92 per share, representing a small discount. Italian Prime Minister Giorgia Meloni initiated the sale, which had been in the works for years. The move is seen as a step towards the bank's recovery and makes it a more attractive merger partner. Concerns about the efficiency and security of Italy's armed forces led to the government vetoing France's Safran SA takeover of a local aerospace business.
Italian Prime Minister Giorgia Meloni said concerns about the efficiency and security of her country’s armed forces were behind a government decision to veto the takeover by France’s Safran SA of a local aerospace business. https://t.co/eaExm2ub8n
Italian Prime Minister Giorgia Meloni said concerns about the efficiency and security of her country’s armed forces were behind a government decision to veto the takeover by France’s Safran SA of a local aerospace business. https://t.co/YiS5wxwKV3
Italian Prime Minister Giorgia Meloni said concerns about the efficiency and security of her country’s armed forces were behind a government decision to veto the takeover by France’s Safran SA of a local aerospace business. https://t.co/fsQ8rfa9wc
It took just a few hours for Italian prime minister Giorgia Meloni to kick off the sale of a $1 billion stake in Monte Paschi which had been in the works for years https://t.co/u6snivOYCn
It took just a few hours for Italian prime minister Giorgia Meloni to kick off the sale of a $1 billion stake in Monte Paschi which had been in the works for years https://t.co/W2x23A7UTB
It took just a few hours for Italian prime minister Giorgia Meloni to kick off the sale of a $1 billion stake in Monte Paschi which had been in the works for years https://t.co/2teyiNsBnU
Italy raises $1 bln as reduces Monte dei Paschi stake https://t.co/SRIC6smBjn https://t.co/rleSXALlIj
Good to see Italy following our advice! 😉 The government has sold a 25% stake in Monte dei Paschi after it (finally) became a recovery story. With less govt, it’ll be a more attractive merger partner too. Italy Needs to Get Out of Monte Paschi’s Way https://t.co/LOUSgU3wiw
The italian government upsized the sale of its Monte Paschi stake from 20% to 25% at 2.92 per share which, in fairness is a small discount. I guess NPL can start rising again now 😅 https://t.co/8GITbr8t6s