Mps, ok increase by 3 billion: the Treasury will have 4% – The Messenger

There will also be the Ministry of Economy, for at least six months, between the shareholders of Banca MPS after the capital increase of € 3 billion will have 4% of the Mount, the amount due by the bank for the interest on the bonds that Monti, according As reported by Rocca Salimbeni at the end of the board today, the government “has pledged to hold for at least six months.” A decision taken to reduce, “for a reasonable period of time, the potential negative consequences on the title related to the possible effect of excess supply in the market,” explains the bank.

The board today, which confirmed the ‘ capital increase by 3 billion that will be resolved by the ordinary and extraordinary meeting called for April 14, determined the number of shares “to be assigned to the MEF, in return for payment of accrued interest (243 million euro) for Monti bond, as required by the contract.

At the ministry will go some 449 million newly issued ordinary shares of the Bank which will be adjusted July 1 after the planned reverse stock split: should be one new share for every 20 existing and capital increase.

them by the April, 15 and 16 are the dates for any second and third call, must also go out the new top of the Mount. Just today, the president of the MPS Foundation, Marcello Clarich, which controls 2.5% of the bank (but 9% with the covenant with funds Battalion Pactual and Fintech) has reiterated its confidence in before Alessandro Profumo and Fabrizio Viola and , after meeting with representatives of the two funds arrived at the palace Sansedoni after the board of directors (Christian Whamond coopted today in place of David Manuel Martinez, a number of Fintech, and Roberto Islanders Battalion), told reporters that when it comes out the list “you will have some nice surprises.” A phrase that can mean everything and nothing: of course there were also at the meeting today headhunters called by their trust members to prepare a list for the board of directors and the Land Bank (advisor entity). If the three will sign the recapitalization to them it will be an ind ication of the president and the ad. Perfume and Viola could go towards the reconfirmation.

Meanwhile, today in the stock market the title, after the crash yesterday (-9.91%), returned to growth (+ 2.55%) and the listing Title influence on the rise but especially on possible future combinations that Profumo and Viola have never hidden want to look for.

This is also the same Foundation will evaluate, “responsibly”, whether to join or not to ‘rise well knowing, as he recalled Clarich that “the more you go down unless you count” and relying less would be more difficult to maintain the link with the territory of Siena as requiring the entity status. A foundation, however, will have to think more and more to the new tasks and which today has approved the risk and return profile of entrusting the management of liquidity Quaestio, the same company that manages the liquidity of Cariplo. Currently remains outside its invested capital in Monte but it could change after the increase.