Monte Paschi shareholders approve 5 billion-euro capital increase
MILAN (Reuters) - Shareholders in Italian lender Banca Monte dei Paschi di Siena (BMPS.MI) approved on Wednesday a proposal to boost the size of a planned share sale to 5 billion euros ($6.9 billion) to help it absorb a hit on its finances it expects from a Europe-wide bank health check.
At an extraordinary meeting in the bank's hometown of Siena, shareholders agreed to boost the capital increase, initially planned at 3 billion euros, by two billion euros as requested by the bank's management.
The new amount is twice the bank's current market value.
(Reporting by Silvia Aloisi, editing by Danilo Masoni)
- Exclusive: Angry with Washington, 1 in 4 Americans open to secession
- Scots spurn independence in historic vote, devolution battle begins |
- Alibaba surges 38 percent on massive demand in market debut |
- Eight bodies found after attack on Guinea Ebola education team
- French jets strike in Iraq, expanding U.S.-led campaign against Islamic State |