Bloomberg News

Monte Paschi Share Offer Deadline Set for March 20, Sole Reports

March 17, 2012

Binding offers in a planned sale of Banca Monte dei Paschi di Siena SpA shares held by Fondazione Monte Paschi must be submitted by March 20, Il Sole 24 Ore said.

Adviser Rothschild gave the deadline to potential investors including firms Equinox and Clessidra, which may be interested in a stake of more than 7 percent in Italy’s third-biggest bank, the newspaper said, without saying where it got the information.

To contact the reporter on this story: Francesca Cinelli in Milan at fcinelli@bloomberg.net.

To contact the editor responsible for this story: James Ludden at jludden@bloomberg.net


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