MILAN, March 14 Shares in Banca Monte dei Paschi
di Siena rose 2.4 pct in early trading on Friday after
a newspaper reported that U.S. private equity firm JC Flowers
was considering buying a stake in the bank from its main
According to Il Messaggero newspaper, the U.S. firm has been
studying the possible move for three months and could lead a
consortium of institutional investors.
A Milan-based trader said the share move was due to the
The Monte Paschi Foundation and JC Flowers were not
immediately available to comment.
(Reporting by Stephen Jewkes and Isla Binnie)