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.
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