MPS stock falls after govt sells 12.5% stake

(ANSA) - ROME, MAR 27 - Monte dei Paschi di Siena's share price fell in early trading on Wednesday after the Italian government sold 12.5% of the world's oldest bank for 650 million euros after the closing of business on Tuesday.
    The share price originally fell by 2.49% to 4.15 euros, the price set for Tuesday's operation.
    But it subsequently regained some of the ground and was 2.23% down at the time of writing.
    The State had taken a 64.2% stake in MPS in a bailout in 2017.
    It sold 25% in November, taking its stake down to 39.23%.
    It owns around 27% in the lender after Tuesday's operation.
    The government has said it will be completely privatized when the market conditions are right. (ANSA).