The opening of the trading day on 4 October saw Banca Monte dei Paschi di Siena stand out with a surge of +3,8% on rumors of a possible sale to Amco of a large portion of Npl for a total amount of 10 billion euro . In mid-morning and on a stock market that is traveling in positive territory, the result of Mps counts +2,53% to 1,502 euros.
According to what was reported by Il Sole24Ore, some negotiations with the European Commission to lighten the Sienese institute from about two thirds of the total value of non-performing loans which it owns and make it easier for the bank to find a buyer given the deadline set for the end of 2019. It is from the Treasury that Brussels expects by December, even if an extension could be envisaged, how it intends to proceed for the disposal of its stake of 68 % in the bank's capital, given to it by the bailout two years ago, explains the business newspaper.
“The plan could envisage the spin-off to a separate company, which would then be merged with Amco, the former Sga”, continues Il Sole 24 Ore, no official comments are coming from the Treasury.
The president of Monte dei Paschi, Stefania Bariatti, expressed herself on the hypothesis of choosing a partner: “It is not up to us to have preferences. The choice is up to the shareholder who must decide how to maximize the stake”. Bariatti spoke on the sidelines of the annual meeting of Assolombarda and recalled how already a year ago the MPS board had evaluated "the various options to present to the shareholder".
