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Stock Exchange: Mps in rally on rumors of foundations, denial ignored

The shares of the Sienese institute extend the rise achieved on Friday on the return of rumors, "categorically" denied by the MPS Foundation, of an offer from the main Italian foundations and a group of funds for 20% of Montepaschi headed by the body.

Stock Exchange: Mps in rally on rumors of foundations, denial ignored

Another session with a strong gain in Piazza Affari for the Mps title, which at the end of the morning was positive by more than four percentage points, achieving the best increase in the Ftse Mib. 

The shares of the Sienese institute extend the rise achieved on Friday on the return of rumors, "categorically" denied by the Mps Foundation, of aoffer from the main Italian foundations and a group of funds for 20% of Montepaschi held by the entity

According to the newspaper La Repubblica, the proposal of the consortium of investors should be evaluated today on the occasion of a meeting of the Foundation's Administration Deputation.

"The Mps Foundation denies categorically any hypothesis of transfer with the subjects and methods mentioned in the aforementioned article and that a meeting of the Administrative Deputation is scheduled to evaluate any proposal”, reads a note from Rocca Salimbeni.

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