Banca Monte dei Paschi di Siena Chairman Profumo and CEO Viola

Banca Monte dei Paschi di Siena Chairman Profumo and CEO Viola

Alessia Pierdomenico/Bloomberg

The sale is part of the plan by Banca Monte dei Paschi di Siena SpA to dispose of non-strategic assets as Chief Executive Officer Fabrizio Viola, right, and Chairman Alessandro Profumo, left, cut costs and reduce risk.