5 things about the world's oldest bank that Italy sold it's stake in
Following an overpriced €9 billion acquisition in 2007, the Banca Monte dei Paschi di Siena went through a period of financial struggle and mismanagement. Senior executives were accused of hiding loss
Italy takes step towards possible bank M&A with Monte Paschi stake sale
Italy has begun to pave the way for a third big banking group in the country by selling a chunk of state-owned Monte dei Paschi di Siena (MPS) to rival Banco BPM and the fund manager partner of both lenders.
Italien verkauft Paschi-Anteil, forciert Bankenkonsolidierung
Die Regierung von Ministerpäsidentin Giorgia Meloni hat weitere Staatsanteile an Banca Monte dei Paschi di Siena veräußert. Damit will sie die inländische Bankenkonsolidierung vorantreiben, nachdem beim jüngsten Aktienverkauf mehrere heimische Banken Appetit zeigten.
Monte dei Paschi shares jump 9% after rival BPM takes stake
Shares in Monte dei Paschi di Siena jumped 9 per cent in early trading on Thursday after the Italian government sold a 15 per cent stake in the bailed-out lender for €1.1bn, bringing in rival Banco BPM as a shareholder.
Banco BPM, Anima Buy Into Banca Monte Dei Paschi as Italian State Cuts Stake
The Italian government cut its shareholding in Banca Monte dei Paschi di Siena by 15% allowing peers Banco BPM and Anima Holding to buy a stake in the world’s oldest bank.
Italy's Delfin buys 3.5% stake in Monte dei Paschi, source says
Delfin, the holding of Italy's Del Vecchio family, bought a 3.5% stake in bailed-out bank Monte dei Paschi, a source with knowledge of the matter said on Thursday. Italy's Treasury on Wednesday raised 1.
Italy sells 15% stake in Monte dei Paschi stake for $1.16bn
Banco BPM, a major Italian bank, has acquired a 5% stake in MPS, aligning with its strategy while maintaining a standalone approach.
The Sunday Business Post16hOpinion
Vincent Boland: Italy's oldest bank Monte dei Paschi di Siena sees light at the end of tunnel
Monte dei Paschi has been a problem on the Italian banking landscape almost since the day in 2007 that it made the most ...
New Italy Banking Force Begins to Emerge From Monte Paschi Deal
A possible new force in Italian banking has begun to take shape, after regional lender Banco BPM SpA took a major stake in ...
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Italy's Monte dei Paschi hikes 2024 profit goal after strong quarter
Italian state-controlled bank Monte dei Paschi di Siena on Friday hiked its profit goal for the year after reporting a larger ...
Banco BPM Is Likely a Buyer in Italy’s Newest Paschi Stake Sale
Italy is selling a 7% stake in Monte dei Paschi di Siena SpA, the latest step in an exhaustive restructuring drive that dates ...
Banca Monte dei Paschi di Siena shares jump after Italy cuts stake in lender
Investing.com - Shares in Banca Monte dei Paschi di Siena (BIT: BMPS) surged after Italy sold 15% of its stake in the ...