Monte Paschi top investor committed to bank relaunch, where possible

mercredi 27 novembre 2013

People are reflected in the window of a Monte Dei Paschi Di Siena bank in Rome The main shareholder of Italy's No. 3 lender Banca Monte dei Paschi di Siena (BMPS.MI) said on Wednesday it remained committed to supporting the relaunch of the bank "where possible". Monte Paschi has been at loggerheads with the foundation which is also trying to sell down its stake to pay back 350 million euros of debt and which was hoping to delay the cash call. "The foundation remains determined to safeguard itself... (and) confirms its commitment to support the bank, where possible, in its relaunch plan... without renouncing its role as historic shareholder," it said. The bank's management and advisors are keen to press ahead with the recapitalization sooner.








via Business News - Yahoo Finance http://finance.yahoo.com/news/monte-paschi-top-investor-committed-194850895.html

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