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Stock market, Mps against the tide: up 5%

The stock, which this morning leads the Ftse Mib by detachment, is dragged by the rumors of new shareholders who could take over a stake in the Foundation and would have the money to subscribe to a capital increase if there were one – The rumors according to which Alessandro Profumo could become the new president.

Stock market, Mps against the tide: up 5%

A day in strong contrast in Piazza Affari for Montepaschi shares. In mid-morning, while the main index of the Milanese price list travels in red by about half a point, the Mps share registers a spectacular surge, more than 5%, which takes him to the top of the Ftse Mib due to detachment. In the first two hours of trading, the Sienese bank's gains had reached over 8%, with volumes just over half the average for an entire session.

“Two things are driving the stock – comments an analyst interviewed by Reuters - rumors about new shareholders, who would have the money to subscribe to a capital increase if there was one, e the rumors according to which Profumo could try to become president. This would bring more credibility to the management”.

The positive trend began when the Monte dei Paschi Foundation – which has to repay a 1,1 billion euro debt – announced its intention to reduce its stake in the Bank's capital by 15%, going from 48,5 to 33,5%. about.

According to the latest rumors, the advisor who works to find buyers has signed a confidentiality agreement with the two private equity funds Clessidra and Equinox, which however does not provide for either exclusive rights or any pre-emption in the transfer. It appears that the Foundation is also probing on a confidential basis families and entrepreneurs who already have links with the Bank to sell them a share of less than 10%.

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