Italian stock market regulator
Consob is monitoring information flows and market performance
relative to Monte dei Paschi di Siena (MPS), ANSA learned on
Friday. T
he news emerged as shares in the struggling Italian lender
rose by more than 7% in response to an offer made on Thursday
evening by private investors including Swiss banking giant UBS
and former Intesa Sanpaolo head and ex-minister Corrado Passera.
The plan would be an alternative to a proposal made by MPS
to the European Central Bank (ECB) for approval, involving a
five-billion-euro capital increase and the securitization of 10
billion euros' worth of non-performing loans (NPLs) with help
from Italy's private Atlante fund.
ALL RIGHTS RESERVED © Copyright ANSA