Monday, December 19, 2016

A the bottom of the chinese currency, the entry into the capital of the Mps – The Sun 24 Hours

Mark also has a collection of china among the so-called anchor investor who are considering the entrance into Mps in the context of the maxi-capital increase from 5 billion that the bank aims to close on or before Thursday, 22 December. The negotiations with large investors, which, together, may subscribe to up to 1.5 billion, are as frantic as confidential. And involve, as in the case of the sovereign wealth fund of Qatar, not only the bankers of JP Morgan and Mediobanca (who assist Mps in the search of investors), but also the Ministry of Economy of the Italian Government. According to the rumors of the last few hours, gained after a weekend of intense work for all the bankers involved in the res cue attempt as "private" of the Mount, the bottom of chinese would come forward in the course of the last week giving a cash to invest between 300 and 500 million.



Mps, via the increase from 5 billion. Today, the board of directors of the bank

Maximum confidentiality on the identity of the investor, which, together with the sovereign wealth fund of Qatar (800-1.000 million) and the fund of the financier George Soros (300-400 million) would be the three final candidates to the role of anchor investor, have to decide in the next few hours whether to transform the interest the preliminary actual investment.

Despite many difficulties, the attempt to save private of the Mps will go on until Thursday, when the operation on the market will conclude formally leaving the place, in case of failure, public intervention through a decree of the Government that it should allocate up to 15 billion for the recapitalisation of the banks in the crisis.

Between the nodes is still open for saving private Mps, who officially all hope, there is the accession of the savers in the plan of conversion of the bonds subordinated shares for over two billion (which ends Wednesday). But above all, it still lacks the signature of the bottom of the Atlas, attended by the banking system and the Italian insurance, for the purchase of the tranche equity of Npl. It would be paradoxical if the bottom of the private system born to help you solve the knot of Npls by Italian banks, it is pulled back from the dossier Mps at the last minute.

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