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Italy Weighs Showing EU Three Separate Monte Paschi Exit Plans

  • Merger, stake sale to investors among options being considered
  • Government faces December deadline to submit 2021 exit plan
A person enters a Banca Monte dei Paschi di Siena SpA bank branch in Rome.
A person enters a Banca Monte dei Paschi di Siena SpA bank branch in Rome.Photographer: Alessia Pierdomenico/Bloomberg
Updated on

Italy’s government may present the European Commission with three possible exit strategies for its majority stake in Banca Monte dei Paschi di Siena SpA as a year-end deadline for the plan approaches.

Prime Minister Giuseppe Conte’s second cabinet is likely to stick with his previous government’s plan to lay out three possible scenarios: a share sale, a direct disposal or a merger with another Italian lender, according to a person with knowledge of the matter. However, another person close to the discussions said the options may be narrowed to one before going to Brussels.