The next capital increase does not protect Mps shareholders from a new possible recapitalization intervention. The Sienese bank writes it in the prospectus of the next capital increase in which it is underlined that a further capitalization intervention is linked to the outcome of the next asset quality review. "If, as a result of the comprehensive assessment and, more specifically, as a result of the asset quality review, further adjustments to loans, even significant ones, should become necessary, new capitalization interventions of the Issuer could become necessary", reads the document .
Furthermore, in the event that the capital increase does not close successfully, the EU Commission "could require the fulfillment of further conditions, even significantly worse" of the restructuring plan which "could also have a significant impact on existing shareholders, with possible negative effects on the business and on the economic, patrimonial and/or financial situation".
In the mid-afternoon, MPS shares continued to lose ground in Piazza Affari: -1,3% yoy 24,82 euro.
