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Italy Government Sells 12.5% of Bailout & World’s Oldest Bank Banca Monte dei Paschi di Siena for $704 Million as Part of Divestment Plan, Italy Government Holds 26.7% Remaining Shares after Sale
30th March 2024 | Hong Kong
The Italy government has sold 12.5% of bailout & the world’s oldest bank Banca Monte dei Paschi di Siena for $704 million (EUR 650 million) as part of divestment plan. After the sale, Italy government holds 26.7% remaining shares in Banca Monte dei Paschi di Siena. In 2017, the Italy government injected EUR 5.4 billion ($6.1 billion) in the bailout of Italy’s 4th-largest lender.
“ Italy Government Sells 12.5% of Bailout & World’s Oldest Bank Banca Monte dei Paschi di Siena for $704 Million as Part of Divestment Plan, Italy Government Holds 26.7% Remaining Shares after Sale “
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Italy Government Sells 12.5% of Bailout & World’s Oldest Bank Banca Monte dei Paschi di Siena for $704 Million as Part of Divestment Plan, Italy Government Holds 26.7% Remaining Shares after Sale
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