Sunday, April 22, 2018
Video: Page (1) of 1 - 12/28/13 Email this story to a friend. email article Print this page (Article printing at page facebook
Monte Dei Paschi Foundation Votes To Delay Sale

By DMO Affiliate
Shareholders in Monte dei Paschi di Siena, the world¯¯¯s oldest bank, derailed a plan by management to raise urgently needed new cash, leaving the bank¯¯¯s future in limbo and illustrating the conflict in crisis-ridden Italy between change and tradition. At a shareholders meeting Saturday, the charitable organization that owns about one-third of the bank¯¯¯s equity, along with many smaller shareholders, blocked a plan to issue new shares in January to raise 3 billion euros, or $4.1 billion. The cash is needed to repay bailout money and avoid possible nationalization by the Italian government.
Monte Dei Paschi Foundation Votes To Delay Sale

Page: 1


Our Privacy Policy --- About The U.S. Daily News - Contact Us - Advertise With Us - Privacy Guidelines