MPS, THE FOUNDATION DENIES THE SALES. BUT THE TITLE ADVANCES AMONG RECORD EXCHANGES
Rocca Salimbeni denies. The market doesn't care. MontePaschi's rally continues this morning +7% in mid-morning, despite the Foundation, the main shareholder, having denied the rumors about the sale of an 8% stake to the hedge fund Och Ziff Capital Management. On 5 March, the official note reads, "no transaction was carried out" and "no purchase and sale agreement concerning the shareholding in Banca Monte dei Paschi di Siena" was stipulated. The investment of the Mps Foundation in Bmps is, as at 5 March 2014, therefore equal to 3.677.315.802 ordinary shares, corresponding to 31,48% of the bank's share capital”.
But one or more "guilty", given the stock market movements, there must be. And if the Foundation, at least for now, has nothing to do with it, private shareholders enter the sights of gossip: the Aleotti family, 4% strong, or JP Morgan itself which has 2,575 in charge. In any case, after yesterday's leap, the share price +20% on pyrotechnic volumes (11% of the capital), the show is continuing this morning: the rise, despite the denial, exceeds 6,7% thanks to exchanges for 800 million shares, equal to 6,8% of the share capital.
This confirms the umpteenth prophecy of George Soros who wrote a week ago that "the guys on my team can't wait to go and make loads of money by buying securities of weak banks in Europe". And Banca MPS, which in a week's time should announce the guarantee syndicate for the capital increase in June, seems the ideal target. There is nothing better in the world, moreover, to ride with great profits and an ideal leverage, the recovery of the price of the Btp, a raw material that abounds in the coffers of Monte.
