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Reports Italian Treasury Is To Delay Monte Paschi Stake Sale To Later In 2024

FINANCIALS
  • Italian-language paper Il Messaggero reports that the Italian Treasury is delaying a further MPS stake sale to late 2024, targeting reduction below 20% in line with EU commitments and allowing for a board renewal out to 2026.
  • Tranche size of 10-16% is mentioned.
  • https://www.ilmessaggero.it/economia/mps_tesoro_rinvia_la_vendita_fine_anno_cda_frena_divorzio_nelle_polizze_axa-8219533.html

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