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.
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