Monte Paschi says Axa, others will take part in cap hike

MILAN, June 6 Fri Jun 6, 2014 3:57am EDT

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MILAN, June 6 (Reuters) - French insurer Axa and two other shareholders owning a combined holding of 5.5 percent in Monte dei Paschi di Siena have committed to taking part in an upcoming 5-billion euro ($6.8 billion) capital increase, the Tuscan lender said on Friday.

Axa has a 3.7 percent stake in Monte dei Paschi, Coop Centro Italia Societa' Cooperativa has 1.1 percent and Coofin has 0.69 percent. ($1 = 0.7345 Euros) (Reporting by Silvia Aloisi; editing by Agnieszka Flak)

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