Italy Is Looking to Sell Monte dei Paschi Branches, Replace CEO, Bloomberg Reports
02 Fevereiro 2022 - 04:06AM
Dow Jones News
--Italy wants to sell branches of Banca Monte dei Paschi di
Siena SpA before re-privatizing the entire bank, Bloomberg reports,
citing unnamed sources.
--The sale would be part of the lender's restructuring plan,
which needs to be approved by the European Union. Mediocredito
Centrale - Banca Del Mezzogiorno SpA has been identified as a buyer
for up to a few dozen branches in southern Italy, Bloomberg
reports.
--Italy is also looking to replace MPS Chief Executive Officer
Guido Bastianini, according to Bloomberg.
Full story: https://bloom.bg/3ghommv
Write to Cristina Roca at cristina.roca@wsj.com
(END) Dow Jones Newswires
February 02, 2022 01:51 ET (06:51 GMT)
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