Guido Bastianini, managing director of Mps
Montepaschi-Tesoro, the capital increase could reach up to 3.5 billion. Rumor
Negotiations between the treasure And Unicredit for the dossier Montepaschi, the men of via XX Settembre are now aiming to find private partners willing to subscribe to the next capital increase. The first stop on the way will be at the door of Axa, the insurance partner long-standing of the Sienese bank: according to what the international agency writes Reuters the French insurance company that holds a joint venture with Siena for the distribution of policies, would be one of the most eligible names on the table of dossier.
Also- he reports The print, the negotiations could also include a revision of the agreements after the ten-year renewal already in 2017: Axa he is already a shareholder of Mps with less than 0.1% of the capital, at the same time the former CEO of Siena, Marco Morelli, is now the executive president of Axa Investment Managers. But not only Axa.
Other parties may also be involved on the table of the operation: the collection of 2.5 billion means could arrive, according to rumors reported by the Press, up to 3.5 billion euros.
There recapitalization, however - continues the Turin daily - will take place not before reviewing the industrial plan which should provide, in terms of cost cutting, another 4,000 staff outings: the Treasury, which is negotiating with Brussels an extension for the reprivatization of the Monte, aims to clean up the Monte, led by the ad Guido Bastianini, from non-performing loans and extraordinary legal risks to thus favor their relaunch and attractiveness, he concludes The print.
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