Italy starts market placement of 7% stake in Monte dei Paschi
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Italy's Treasury has initiated an accelerated bookbuilding procedure to sell a 7% stake in Monte dei Paschi di Siena, a bailed-out lender.
November 13, 2024 | 5:30 pm
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Italy's Treasury is selling a 7% stake in Monte dei Paschi di Siena, which could impact the stock price due to increased supply in the market.
The sale of a 7% stake in Monte dei Paschi di Siena by Italy's Treasury through an accelerated bookbuilding procedure is likely to increase the supply of shares in the market, potentially putting downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100