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York Capital owns 5.025 pct of Italy's Monte Paschi -Consob
July 29, 2014 / 2:26 PM / in 3 years

York Capital owns 5.025 pct of Italy's Monte Paschi -Consob

MILAN, July 29 (Reuters) - York Capital Management Global Advisors owns a 5.025 percent stake in Italy’s Banca Monte dei Paschi, a filing by market regulator Consob showed on Tuesday.

The Tuscan lender raised nearly 5 billion euros ($6.71 billion) in a share issue last month, allowing it to repay much of its state aid and increasing chances it could pass an EU review of bank assets. ($1 = 0.7456 Euros) (Reporting by Agnieszka Flak)

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