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Mps: assembly postponed to tomorrow, title up and down

Only 49,3% of the share capital was present at today's meeting, so there was no quorum to resolve – MPS shares very volatile on the stock exchange – Piazza Affari is positive: Fondiaria Sai shines after the latest green light from Consob for the merger with Unipol, Premafin and Milan – Buildings on Fiat.

Mps: assembly postponed to tomorrow, title up and down

Sled a tomorrow the extraordinary meeting of Banca Mps for the capital increase of three billion. The chairman Alessandro Profumo, after opening the proceedings, indicated that only 49,3% of the share capital was present and therefore there was no quorum to deliberate. The meeting was therefore postponed to second call. Today the Mps Foundation was present with 33,5%, which had asked to postpone the recapitalization to the second quarter of 2014, encountering opposition from Profumo.

“We are serene, we'll see you tomorrow morning – said the president of the Foundation, Antonella Mansi -. We have never stopped working, our attitude has never changed. We are always open".

The news of the postponement of the meeting caused a sharp turbulence on the institute's stock market, which, after having achieved one of the best increases in the Ftse Mib at the start, went into negative territory, losing up to 2 %, and then recover slightly. 

In the same minutes Piazza Affari gains about half a percentage point, driven by the increases of Fondiaria Sai (+4,43%, after the latest go-ahead from Consob for the merger with Unipol, Premafin and Milan), Gtech (+3,12%, after the settlement of some pending tax issues), Azimut Holding (+ 2,22%), stmicroelectronics (+ 1,48%) and Luxottica (+ 1,30%).

Accomplishments hit the title instead Fiat, which despite a good start by mid-morning it dropped by more than one percentage point, suffering the worst drop on the list. On Tuesday, the stock had gained 4,46%, to 5,85 euros: the wave of purchases was triggered by the resumption of negotiations with Veba for the purchase of the share of Chrysler not yet in the hands of the Lingotto, equal to 41,5 .XNUMX%.

Bad too Yoox (-0,81%), Bank Pop Milan (-0,48%) And Banco Popolare (-0,29%).

At the start of the day it spread between Italian 236.25-year BTPs and German Bunds it is up to 10 basis points. The yield on our 4,25-year government bonds is XNUMX%. Euro up on the dollar: the single European currency is traded at 1,3760 dollars. In the latest ECB survey it was at 1,3684 dollars.

As for the other European stock exchanges, London gains 0,5%, while Paris and Frankfurt are up 0,8%. 

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