The share price of Monte dei Paschi
di Siena (MPS) dropped by over 4% in early trading on Monday
after talks between the Treasury and UniCredit for a takeover of
the bank broke down on Sunday.
The government will now have to seek permission to extend a
deadline set by the European Commission to privatize the lender,
which the State took control of in 2017 with a 5.4-billion-euro
bailout.
UniCredit's stock was also down in early trading on Monday.
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