Shares in troubled Tuscan
lender Monte dei Paschi di Siena (MPS) surged 13.99% on the
Milan bourse Thursday amid rumours American global investment
management corporation BlackRock may take a stake in Italy's
third-biggest and the world's oldest bank.
The rise, powered by trading of 7.9% of the bank's capital,
took the share price to 0.238 euros, its highest since September
12.
Yesterday some 10% of the share value was traded and on
Tuesday 6% - amounting to almost a quarter of the capitalisation
in three days.
The Siena-based bank's market capitalisation rose to 700
million euros, against 490 million on October 6 when its shares
touched lows of 0.17 euros a share.
Also feeding the rise, analysts said, were expectations
stemming from the upcoming business plan, to be unveiled on
Monday.
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