Monte Paschi shareholders delay cap hike to mid-2014
SIENA, Italy Dec 28 (Reuters) - Italian lender Monte dei Paschi di Siena was forced to delay a vital 3 billion euro ($4 billion) capital increase until at least May after shareholders rejected on Saturday a management plan to launch it in January.
An extraordinary shareholder meeting voted in favour of a proposal by the bank's top investor to postpone the rights issue, which the bank needs to complete to pay back state aid and avert nationalisation. ($1 = 0.7258 euros) (Reporting by Silvia Aloisi, editing by Valentina Za)
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