Analyst Research

Report Title Price
Provider: Reuters Investment Profile
$20.00
Provider: Sadif Analytics Prime
$25.00
Provider: Thomson Reuters StreetEvents
$75.00
Provider: MarketLine (a Datamonitor Company)
$175.00

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Banca Monte dei Paschi di Siena SpA and other shareholders reach completed sale of 59.3 pct of SIA's share capital


Wednesday, 28 May 2014 04:10pm EDT 

Banca Monte dei Paschi di Siena SpA:Says Banca Monte dei Paschi di Siena, together with UniCredit, Intesa SanPaolo, and BNL have closed on May 28 the sale of 59.3 pct of SIA’s share capital.Of the 59.3 pct, 28.9 pct was held by Intesa Sanpaolo Group, 20.1 pct by UniCredit, 5.8 pct by Banca Monte dei Paschi di Siena and 4.5 pct by BNL.The sale was made to Fondo Strategico Italiano, F2i SGR and Orizzonte SGR.The consideration has been determined on the basis of an equity value for the 100 pct of the share capital of SIA equal to c. 765 million euros, of which c. 100 million euros paid as dividends before closing.As a result of the transaction, FondoStrategico Italiano will hold 42.3 pct in SIA, F2i SGR 10.3 pct, and Orizzonte SGR 6.7 pct.Intesa Sanpaolo and UniCredit will retain a 4 pct stake each, while Banca Monte dei Paschi di Siena and BNL have sold their shares in full and the other existing shareholders will retain the remainder 32.7 pct of SIA’s share capital.As a result of the transaction, Banca Monte dei Paschi di Siena will post a total positive P&L impact of about 37 mln euros.