Monte Paschi Sells Biverbanca Stake for $250 Million, Sole Says

Monte dei Paschi di Siena SpA, Italy’s third-biggest bank, agreed to sell its 60 percent stake in the Biverbanca unit to Cassa di Risparmio di Asti SpA for about 200 million euros ($250 million), Il Sole 24 Ore reported, without saying where it got the information.

To contact the reporter on this story: Sonia Sirletti in Milan at ssirletti@bloomberg.net

To contact the editor responsible for this story: Frank Connelly at fconnelly@bloomberg.net

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