The market once again trusts Monte dei Paschi and 99,59% subscribes to the 3 billion euro capital increase. On Monday, the unexercised rights will be offered without problems on the market.
With three billion more in hand, Monte can now repay the Monti Bond well in advance. In July, the Treasury will also enter the capital with a 4% share but without special rights.
The satisfaction of CEO Fabrizio Viola, who was the architect of the relaunch of the Sienese bank together with the president Alessandro Profumo, who is close to resigning after the completion of the recapitalization, as he had announced some time ago, is legitimate. In pole position for the presidency are Pietro Modiano (ex Unicredit and ex Intesa) and Luigi De Vecchi but surprises could come.
