MPS resumes trading below state recap price
Banca Monte dei Paschi di Siena (MPS) resumed trading on the Borsa Italiana this week, with its shares opening more than 35% below the level at which the Italian state recapitalised the bank.
Shares in Italy’s fourth largest lender by assets were trading at €4.10 when the market opened on Wednesday, before rising to a price of around €4.71 per share on Thursday.The Italian Ministry of Economy and Finance paid a price of €6.49 per share when it injected €3.9bn ...
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