How Italian MPs went from her robes to bidge to a respected trader by Reuters


Valentine Zu, Gianilua Seraro and Masti Rosemain

Milan (Reuters) – Monte Dei Paschi (MPs) Lungi Lovaglio Ebay Early, when the Tali-treasurer would have renewed the world's old banks, five years after to take it out. .

Returning in October 2022 has been working all night to get the adequate advertisement, as severe MPS call in 14 years has caused the last minute fear between the banks. MPS struggling to sell shares with 2 euros then.

MPs stock sold for 7 weeks this week when Lovaglio and Financial Manager has come from two-3,4 billion (14 billion) Shares of share of MediobanCana (OTC :), the Italian Investment Charter.

More than 10 billion for the Euros with the amount of 2017 and 2022 to clean up its balance early for the Bank to hold the profit of high levels and skipped in the Italian section.

MPS, who has threatened to disseminate infection throughout the business, which costs the decades decades to hold money in Italy.

Lovaglio, 69 years old, appear to know about his courageous movement and tried to beat a reconciliation tone on Friday.

“We do not want to take any action that can weaken the powerful association Mediobanca,” tell the critics.

A strange couple

Analysts are troubled “unusual” couple who owned a small summer: Delfin, a Billion for Francesco Gietano Caltagirone.

International Funds have poured out in the MPS over the past two years as the treasure reduces his shares to 11.7% from 68%. A shock bid causing sale, and shares of MPS close 7%.

The person involved in agreement has said the UBS and JPMRgan will come into effect to explain the contractor for investors and release the concerns that can simply show the secret assignment agenda.

Delfin and Caltagirone also had the participants in the Italian insurance General (bit:), and years of mediobancan balances Alberto nagle in the generating mediondana.

Delfin and Caltaginirone this week opposed General's communication and asset management with the Natixis investment managers.

They have found a partner in government, who worries about changing the archive without itali.

At the same time, the government's decision to help construct a third largest banks of Italian to compete with the ina.

Rome was thinking that it refers to the right direction when November sell shares in the Banco Bnco Bpm, the largest lender, and Delfin and Caltagirone.

But by the end of the previous year, the Unicableit makes a shocking bid of the Banco BPM, which disrupts the efforts of encouraging treasures, with the help of Delfin and Caltagrone, mixing between MPS and BPM.

Holy

Lavaglio Friday said MeadionCanCana as a combination of an ambis economy in December 2022, next to vanilla and peers.

Since then, it has been widely known that those competitiveness with Banco BPM and BPL was candidates for MPs.

Only the latest Delfin and Caltagrone as large MPS investors have established Meadiobana on the potential agreements.

The person involved in preparing mediobanca “so sacred word” for it was natural to keep the concept of tie-up ambition until they had the opportunity to pass.

Rome Friday dropped its support in the back to Medioban application that it would have played a role in ensuring government support in this plan.

The third party involved in the Bid, however, said the reasons for this agreement was only productive and is based on the need to find the MPS and how two businesses can correspond.

“We're outside us,” a high employee of the MPS branch tells the state of anonymous. “This agreement will be worthy of our franchise.”

To date, Medo BediobancanCa Nagel has opposed the efforts to open the chat with the MPS and you are preparing to fight the gift, two people who know the issue.

© reers. Fire photo: LoNG Dige Dei Paschi Di Siena (MPS), the largest bank, as part of the combination of business, Sina, Italy, 11 August 2021. Reuters / Jennifer Loreland / File photo

Mediobana has not noticed about a bid.

($ 1 = 0.9541 euro)





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