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Stock Exchange: Mps is back in the red, the Foundation insists on the postponement of the increase

Credit Suisse has lowered the target price on shares from 0,14 to 0,13 euro - Mansi: "I'm sure launching a capital increase in January would kill the Foundation".

Stock Exchange: Mps is back in the red, the Foundation insists on the postponement of the increase

Ps affected by the achievements in Piazza Affari, on the day in which Credit Suisse lowered the target price on shares from 0,14 to 0,13 euros. By mid-morning, the stock lost about one and a half percentage points, after the +5,8% recorded in the last few sessions in the wake of the request from the Foundation, a shareholder of the Bank, to postpone the launch of the three billion euro capital increase from the second quarter of 2014. 

“We believe that forecasting the increase in June is useful for everyone – he reiterated Antonella Mansi, president of the Foundation, in an interview published today in Il Sole 24 Ore –. The European Commission, which is familiar with the MPS dossier, has indicated the entire 2014 time frame within which to carry out the strengthening of assets. And the bank's CEO himself, Viola, spoke of three time windows. Well, we think the June one is the best. And not just for the Foundation. Our position is dutiful and is in the interest of the entire system: I am sure that launching a capital increase in January would kill the Foundation”.

Furthermore, for Mansi, “a gradual and fluid passage of our shareholding in Mps to new owners is in the general interest: of the Foundation, which has the opportunity to play its cards; del Monte, certainly benefiting from a stable ownership structure; and also of the national credit system, which otherwise risks seeing part of its balance compromised”.

 

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