MPS- 6,3%, THE CALVARY CONTINUES IN THE BUSINESS PLACE
CECCUZZI: "THE RESIGNATION OF MUSSARI, A DUE ACT"
Two days after the meeting called to obtain the members a specific delegation to obtain up to 3,9 billion of Monti Bonds (about 500 million more than already envisaged) Monte Paschi capitalizes no more than 3,1 billion on the Stock Exchange, at end-of-morning values. This is the first effect, on the market front, shock of the shock news on Alexandria, the contract on derivatives stipulated with Nomura that emerged after the one called Santorini, this time concluded with Deutsche Bank. After the request of Mount bondsMPS will virtually be a public company, the majority of which will be pledged to the Treasury.
This morning the share of Rocca Salimbeni, suspended in the pre Stock Exchange, managed to get a first price at very low levels: -9,06% to 0,252 to then try, in vain, to climb back up. At 12pm, MPS shares are trading at 15, down 0,2596% amid intense trading.
“What Napoleon failed to do could happen these days” comments the Financial Times raising, as it has been doing for some time, doubts about the possibility that the Sienese bank can maintain its independence. Or remain Italian, given that the enthusiasm of Italian investors may have cooled after the latest events: the Aleotti family, for example, is accusing a capital loss of around 60 million on the 4% acquired last March at the unit price of 0,376 euros.
Meanwhile, Siena feels the pinch of the resignation of Giuseppe Mussari from the top management of ABI. “I think they are a duty. In this way he will be able to clarify his position to the competent bodies and to the entire Sienese community who are waiting for the truth ”, the mayoral candidate in the municipal elections of Siena wrote on his Facebook page this morning, Frank Ceccuzzi, adding that “yesterday's news” on the hypotheses of serious accounting irregularities attributed to the previous management of Banca Mps are a confirmation of how necessary and urgent it was to make a change at the group's top management. Unfortunately a much more painful confirmation than we could have expected and which today makes me even more convinced of how indispensable it was for the Municipality to solicit and support that replacement".
Words that seem to overshadow the possibility of a historic step: that is, the possible liability action by the Foundation against the top management of the past management. The issue will not be addressed before the mid-February board meeting, convened precisely for the examination of the derivatives dossier. But tomorrow's board of directors, on the eve of the meeting, will already be dominated by the question. Even if the new couple in charge of Rocca Salimbeni, the president Alessandro Profumo and the CEO Fabrizio Viola, intend, if anything, to speed up the cleanup operation with an eye to industrial redevelopment.
But, between Santorini and Alexandria, the rally that had brought the bank's stock up 30% since the beginning of January was undone. Confirming that the road map towards recovery can only pass through the new structures of the institute, still today 34,09% controlled by the Foundation which in turn depends on the balance of local politics, in turn conditioned by disputes in the pd house which resulted in the commissioning of the Municipality and in the next elections in which only Monte Paschi will be talked about.
