MPS stock gains 7% after stake sale

(ANSA) - Rome, March 31 - Monte dei Paschi di Siena's share price gained 7%, climbing to 0.27 euro, after its biggest stakeholder, Fondazione MPS, announced the sale of 6.5% to two separate entities on Monday. Almost 8% of the troubled bank's share capital changed hands after the announcement. "This is more than a sale because we have given a future and solid foundations to the organisation," said Fondazione MPS President Antonella Mansi.