Reported 11 days ago
Italy’s government is selling a 7% stake in Banca Monte dei Paschi di Siena, with Banco BPM likely to be a primary buyer. This sale is part of a broader restructuring initiated in 2017, aiming to reduce state ownership in the bank to below 20%. Monte Paschi, which has faced significant financial challenges since 2009, has recently shown signs of recovery, including a return to dividend payments.
Source: YAHOO