For several years, the value of the shares of unlisted banks was higher than what the market attributed to other lenders. The phenomenon was interested, of course, also Veneto Banca and Banca Popolare di Vicenza , but as long as the sales of members remained at a normal level and the ECB allowed funds purchase of own shares, had managed to mask the problem.
Yesterday at the meeting many members have reported sales orders of many months old and remained outstanding . That’s why the CEO, Samuel Sorato , has studied a number of measures in order to meet the demand and supply of securities. The trading system is expected to activate special devices for avoid price fluctuations too violent . Sorato explained that will be allowed a maximum deviation, both upwards and downwards, of 5 percent. In May, therefore, the level of stock prices BPVi will be between 45.6 and 50.4. It was also expected a floor, or a lower limit, below which the action will never get off: the quota limit will be 38.4 euro .
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