The stock of Banca Popolare di Milano takes off suddenly. After starting the session in the red, Bpm shares turned decisively into positive territory at the beginning of the afternoon, gaining more than three percentage points and reaching a maximum value of 0,71 euro.
Today Il Sole 24 Ore wrote that the next 500 million euro capital increase could get a discount of more than 30% compared to the institute's stock market prices.
Tomorrow the management board will fix the conditions of the increase after the recent renegotiation of the conditions with the underwriting syndicate. The rejection of the proposal to reform the governance of the Milanese bank, which arrived on 12 April, could weigh on the dossier.
