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Monte Paschi controlling investor sells 0.50 percent of bank
May 15, 2013 / 1:46 PM / 5 years ago

Monte Paschi controlling investor sells 0.50 percent of bank

MILAN (Reuters) - The controlling shareholder of Banca Monte dei Paschi di Siena (BMPS.MI) has sold a 0.50 percent stake in the Tuscan lender at an average price of 0.2142 euros per share, the Monte dei Paschi foundation said on Wednesday.

In a statement, the foundation said the sale was aimed at “creating an adequate level of liquidity” to safeguard its financial balance over the medium-term.

After the sale, the foundation controls around 33.5 percent of Monte Paschi.

Reporting By Francesca Landini; editing by Danilo Masoni

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