Tough setback for Ps, which meets one stop in the sale of 60,42% of Biverbanca to Cassa di Risparmio di Asti. They got in the way the Foundations of the two savings banks from whose merger the institute was born (Biella and Vercelli), which did not approve the project to spin off Bankitalia's share in the Biverbanca portfolio. The transaction is a fundamental prerequisite for allowing the sale of Montepaschi's stake.
The news was released by the Sienese institute itself, which in a note underlined how "alternative methods are already being studied for the purpose of finalizing the sale of the aforementioned shareholding".
Biverbanca has a share of the Present in several = 2,1% of Bank of Italy. The agreement provided for the separation of this shareholding by dividing it among the current shareholders of Biver, ie the Foundations and MPS. Therefore, before being able to close the game, Montepaschi will have to find a new understanding with the Foundations.
Meanwhile, however, the title of Mps shines in Piazza Affari, where at the beginning it was suspended in the volatility auction with a theoretical leap of around 7,3%, to 0,28 euro. Soon after the shares managed to make price, registering an increase of five points, at 0,277 euros, clearly ahead of the Ftse Mib. According to a trader quoted by Reuters, there would be no particular reason behind the rise: "There is an adjustment to market values for those stocks, such as MPS, which are further behind".
