Montepaschi lights in the Stock exchange in the previous week the industrial plan of the 24th which will be the basis of the search for fresh capital up to 5 billion for the third save of the institute of siena. In four days, the title has bounced 56% with trade for more than a third of the capital. Yesterday, the increase was 13.3% to 0.37 euro, with 12% in the past out of hand, and the capitalization back to $ 790 million. While Consob has lit a beacon, as always, in cases of great tension on a title, on the market the explanations of a similar race to the title have been varied and crossed. According to the operating rooms, part of the acquisitions is linked to the coatings on the part of those who “went short”, that is he speculated to the downside and has remained with the open positions (Consob from July has banned the short-selling until January 5), together with a marginal share of speculators that have “shortato” Mps through the derivative on the FtseMib (but they seem to movements in marginal).
The effect of “Pussy” and “Kuwait”
There are also those who tip on the”effect of Corrado Passera”, i.e. on the interest of Mps stimulated by the availability — to be verified — some of the private equity (Warburg Pincus, Atlas) to subscribe to 1-2 billion euro of the increase, brought to us by the former banker and former minister. And in the meantime continue the search for the”anchor investor” by Jp Morgan and Mediobanca: it speaks of the sovereign wealth fund of Qatar and surveys at other safes of the Gulf Countries, like Kuwait. But before the plan of Monday — that will be presented Tuesday morning at the market and then in the roadshow — it should not get concrete commitments from major investors.
on Monday the board on the accounts
on Monday, the board will be long, because it will also be approved a few days prior to the accounts in the third quarter. “Mps has a great past and will have an extraordinary future,” he reiterated yesterday the premier Matteo Renzi, saying he did not want to choose “between the ex-ministers” (referring to corrado Passera and Vittorio Grilli, a top banker with the european Jp Morgan and a former minister of the Economy). “To me it is interesting that the account holders may be saved and that there is space of action for this bank in the future”. The executive spoke yesterday, the secretary of Fabi, Lando Sileoni: “The government, with a possible provision of financial support to Fund the Redundancies will not help the banks but all the workers of the credit”.
October 21, 2016 (the edit on 21 October 2016 | 22:51)
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