Piazza Affari continues to rise, currently the best among European markets, testifying to the excellent reaction of the markets to the financial package approved only yesterday by the Italian Government.
As expected, the day's listings were led by bank stocks, among which Mps shines, earning more than 9% at 0,30 euro around 12. But that's not the only positive fact for the Tuscan bank: of this morning the news of the reaching of the agreement with the Revenue Agency for the payment of 260 million euros, against all the disputes relating to operations carried out between 2002 and 2007.
The Bank, which confirmed the correctness of its actions, wanted in this way to reduce the uncertainty and prejudice weighing on the markets.
On the other hand, MPS has decided to offset the weight of the fines – significantly "low" compared to the tax authorities' claims – by making use of the opportunity to proceed with the liberation of intangible assets recognized in the consolidated financial statements for a good 239 million euros.
This is a moment of great dynamism for MPS which finds itself having to deal with 12 credit institutions to which it is exposed for over 800 million euros.
There are three issues on the agenda for MPS: debt restructuring, ownership structures, independence of the Foundation. "Our first commitment is to repay the debt, as far as possible, by restructuring the remainder", this was the commitment expressed yesterday by Gabriello Mancini, President of the MPS Foundation, who ensured the maintenance of the territorial and independent character of the group, against the possible loss of the majority of votes in the meeting due to the probable entry of new shareholders.
