another day on the shields for Banca Mps, in the aftermath of the board of directors has confirmed the times of the industrial plan and has decided to investigate the proposal for a Plaice. The title (follow the progress here in real time) also today marks far and away the best performance of the list. The board yesterday continued its investigations in relation to the contents of the industrial plan, which will be approved the next 24 October.
Mps does not close to the proposal of Plaice
The press release issued yesterday, confirms the firm intention to continue the implementation of the operation of the recapitalization and the related transfer of the sufferings of the previously communicated to the market, also taking note of the update by the chief executive officer and the advisor on the proposal is not binding upon receipt by Corrado Passera, last October 13. The council has decided to proceed, immediately after the presentation of the business plan, insights, started, through their advisor. Was finally confirmed the timing of the convening of the shareholders ‘ meeting by the end of October.
“Although the board has left the door open for a proposal for a Plaice – writes Banca Imi – it seems that the foundations of the plan will be those of the scheme Jp Morgan Mediobanca. We expect – write the analysts, which is part of the plan the voluntary conversion of the bond is subordinated, but we can not exclude some changes to the original schema to increase the appeal for new investors to get into Mps”. Yesterday, the stock has registered a strong recovery on the market (+12.8 per cent), confirming its extreme volatility, destined – write the analysts at Icbpi – to continue until the market will not have detail information on the plan, necessary to
update the ratings.
(Il Sole 24 Ore Radiocor Plus)
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