The summer of 2024 promises to be hot for Monte dei Paschi di Siena. The mark-up date is July 2, the three-month mark announced at the last divestment in April, for which the Treasury may start selling additional 10% shares.
MPS. the new treasury moves into view
This reopens the window to allow the Treasury to sell further shares in the Siena institution, of which it currently owns 26.7%. It’s an article Republic: assume that between July and August, through XX Settembre could sell another 10% of Monte dei Paschi, thus being able to raise 550 million euros in the sale of 10% at 4.45 euros per share.
There was at the end of Marchin a flash sale of the state. Mef has started an expedited order collection procedure: n. 157,461,214 ordinary shares of Bank of Siena, corresponding to approx 12.5% of the share capital of the credit institution, through a consortium of banks composed of BofA Securities, Citigroup Global Markets Europe AG, Jeffries and Mediobanca as Joint Global Coordinators and Joint Bookrunners, with the aim of promoting the placement of the aforementioned shares to qualified investors in Italy and foreign institutional investors to investors.
The operation, completed in a few hours, was performed by one a lower discount than the nearly 5% discount on the November deal and ended up bringing The share of the Ministry of Economy in the capital of MPS from 39.23%. al 26.73% 4.15 euros of capital per share, a a total of 650 million euros.
Talk of banking risk is back
The possibility of consent in the background remains open Bper and Unipol. Unipol could play a crucial role, starting with a possible restructuring of the joint venture between MPS and AXA, according to restructurings that have emerged in recent days reported by Radiocor.
The alliance with the French group will end in 2027, but MPS could buy back Axa’s shares and realize new synergies. At this point, he can take over Unipoli and “they are trying to build an axis with Monte dei Paschi, replacing the French,” the agency writes.Any move, which is likely to take time to mature, would immediately reignite speculation about the Bologna group’s desire to create a third banking center that would combine Siena’s assets with those of its first shareholder, Intermonte analysts said.