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Italy has initiated the sale of a 25% stake in Banca Monte dei Paschi, a bailed out lender, raising about €920 million. The sale, which was originally planned to divest 20%, was upsized to 25% at a small discount of 2.92 per share. The Italian prime minister, Giorgia Meloni, swiftly kicked off the $1 billion stake sale, which had been in the works for years. This move is seen as a vindication for Rome and a step towards reducing government influence in the bank, making it a more attractive merger partner. Italy is also seeking a new head for state lender CDP.
Italy seeks new head for state lender CDP, sources say https://t.co/uTismyuJ9a https://t.co/dZkuzmhreQ
Breakingviews - Monte Paschi rebirth is vindication for Rome https://t.co/xPFRIiZaVT https://t.co/xPFRIiZaVT
How Italy’s Meloni pulled of a stealth $1 billion bank sale https://t.co/COlDFP6Swl via @ssirletti @chiaraalbanese @Alemrome https://t.co/F1c0DJgx7s
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
Breakingviews - Monte Paschi rebirth is vindication for Rome https://t.co/E6mZ3vgABC https://t.co/E6mZ3vgABC
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
From Breakingviews - Monte Paschi rebirth is vindication for Rome https://t.co/DL1tpB2iUO https://t.co/DL1tpB2iUO
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
Italy’s Banks Bet Big on Romania’s Dynamic Economy https://t.co/stokhGmya9
Italy’s Banks Bet Big on Romania’s Dynamic Economy https://t.co/Ty9seVuynH
Italy’s Banks Bet Big on Romania’s Dynamic Economy https://t.co/WeyUwtJPuV
Italy is selling about 20% of Banca Monte dei Paschi as part of its plan to divest from the bailed out lender https://t.co/c2ZATf50MR
Italy is selling about 20% of Banca Monte dei Paschi as part of its plan to divest from the bailed out lender https://t.co/p1RKB2HzAJ
Italy starts 25% sale of Monte Paschi for about €920 million https://t.co/YKMrHHYPmE via @ssirletti https://t.co/6PWNblb6T3
Italy is selling about 20% of Banca Monte dei Paschi as part of its plan to divest from the bailed out lender https://t.co/gmh6C6Zej2