Monte dei Paschi di Siena Bank informs that it is envisaged to cover the capital deficit identified by the ECB stress tests (2,1 billion). a capital increase, while the exercise of the early conversion option is not being studied Bond Mountains in common stock, nor any other hypothesis he sees the treasure intervene in the form of new state aid, as declared several times by the ministry itself. The Bank writes it in a note, specifying that "the discussion with the competent Authorities is underway".
The plan also envisages further non-dilutive and non-onerous measures for the Bank, including the sale of financial assets, aimed at further strengthening its capital profile, the solidity of which has already been attested by the large exceeding of the AQR.
"The project, in fact - continues the note - in providing a timely solution to the CA result, as a whole consolidates the restructuring process approved by the EC and already started by the Bank, to further support the commercial action, which proceeds regularly and in line with the planned revitalization and development projects”.
The Board of Directors is expected to meet on Wednesday 5 November to discuss and deliberate on the "Capital Plan" and to publish its content in advance of the deadline of 10 November set by the Authorities.
UPDATE 9.30
The news of the capital increase project immediately triggered sales on the MPS stock on the Stock Exchange, which after -40% last week today opens up 0,8%, only to then turn red again and be suspended in the auction of volatility with a fall of 2,7%, to 0,5915 euros. Almost 10 million pieces traded in the opening auction, against the 117 million daily average of the last month.
