The government is offering 20% of its
64.2% share in Tuscan lender Monte dei Paschi di Siena (MPS) at
a 6% discount, the economy ministry said Monday.
The minitsry has put 252 million shares of MPS up for sale
through an accelerated book building on the basis of a price
guidance of EUR 2.89 per share, a discount of around 6% compared
to the stock market close (EUR 3.07).
If confirmed, the price would bring the Treasury about EUR 728
million. This is what emerges from the placement's term sheet,
which also includes a 90-day lock-up period for the Treasury.
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