Monte Paschi selling stake in bad-loans unit

ROME, July 23 (Reuters) - Italian bank Banca Monte dei Paschi di Siena said on Wednesday it would sell a 30 percent stake in a unit that manages and recoups non-performing loans for 30 million euros ($47.20 million) to Lehman Brothers' LEH.N European arm and finance firm Caf.

Monte Paschi (BMPS.MI) has been selling assets and restructuring itself after buying smaller rival Antonveneta to boost its presence on its home base in Italy.

The Siena-based bank said the non-performiong loans unit, Mps Gestione Crediti Banca, had been valued at 100 million euros. Caf specializes valuing, buying and recouping bad loans. (Reporting by Deepa Babington; editing by John Wallace)