Choirs of banks to praise Monte dei Paschi in Eu10bn Antonveneta takeover financing

07 Mar 2008

SHAREHOLDERS in Italy’s Banca Monte dei Paschi di Siena have given the go-ahead for a Eu5bn rights issue and Eu1bn perpetual convertible bond to fund its Eu9bn acquisition of former ABN Amro unit Banca Antonveneta.

The acquisition of Antonveneta from Banco Santander was announced in November and will create ...

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