Italian Bank Shares Fall as State Prepares to Exit MPS
MPS and Mediobanca shares fell Friday as merger details remained unclear. Prime Minister Meloni also signaled that Italy will sell its remaining stake in MPS.
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Shares in Monte dei Paschi di Siena (MPS) and Mediobanca Banca di Credito Finanziario S.p.A. fell sharply on Friday after the Tuscan lender unveiled a multi-year strategy for the combined group. The presentation failed to provide specific details regarding the terms of the full merger, leaving investors uncertain about the eventual share-swap ratio.
