Banco BPM, Anima Buy Into Banca Monte Dei Paschi as Italian State Cuts Stake
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 14 2024
0mins
Source: WSJ
Government Stake Reduction: The Italian government reduced its stake in Banca Monte dei Paschi di Siena by 15%, raising €1.09 billion through the sale of approximately 189 million shares at €5.79 each.
Investment Opportunities: This transaction allowed Banco BPM and Anima Holding to acquire a stake in the historic bank, benefiting from the share price premium compared to the previous closing price.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
