Italy Weighs Sale of Monte Paschi Stake to Cut Debt, Bloomberg Reports
-- Italy's government is considering selling up to 10% of its stake in the lender Banca Monte dei Paschi di Siena, Bloomberg reports, citing unnamed sources.
-- The intended sale, which could happen as early as April, aims to cut debt and facilitate consolidation in the banking sector, Bloomberg says. The Italian state, which owns 39% of the bank, said it would fully divest its holdings by the end of this year through an accelerated book building as in a previous sale, according to Bloomberg.
-- The Italian Ministry of Economics and Finance and Monte dei Paschi didn't immediately respond when requested by Dow Jones Newswires for comment.
Full story: https://bit.ly/4bCJE9w
Write to Helena Smolak at helena.smolak@wsj.com
(END) Dow Jones Newswires
February 21, 2024 06:16 ET (11:16 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
Going Into Earnings, Is Palantir Stock a Buy, a Sell, or Fairly Valued?
-
What’s Happening in the Markets This Week
-
4 Top Dividend-Paying REIT Stock Picks
-
After Earnings, Is Netflix Stock a Buy, a Sell, or Fairly Valued?
-
P-CAPE: A Better Way for Investors to Estimate Future Returns
-
Which Stocks Have Driven the Stealth Large-Value Rally?
-
Forecasts for Q2 GDP Report Show a Healthy but Slowing Economy
-
5 Stocks to Buy as the Market Rally Broadens
-
4 Top US Travel Stock Picks
-
How Do Interest Rates Affect Stock Market Returns?
-
American Airlines Earnings: Ticket Distribution Misstep Affected Results
-
Going Into Earnings, Is Albemarle Stock a Buy, a Sell, or Fairly Valued?
-
3 Top Cybersecurity Stock Picks for Long-Term Investors
-
AbbVie Earnings: Firm Sees Strong Next-Generation Immunology Drugs Sales
-
Ford Earnings: Warranty Problems on Older Vehicles Slam Results
-
ServiceNow Earnings: Operating on a Higher Plane Within Enterprise Software