Italy May Get Special UniCredit Shares in Monte Paschi Deal
- Options under review include stocks with only economic rights
- Minister Franco said Italy could get UniCredit stake in merger
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The Italian government may receive UniCredit SpA shares without voting rights as part of a possible takeover by the lender of nationalized Banca Monte dei Paschi di Siena Spa.
UniCredit and the government are reviewing options to preserve the balance of voting rights if the state receives a stake in the lender as part of a transaction, according to people familiar with the matter. A suspension of voting rights or issuance of UniCredit stock carrying only economic rights are the most likely options, the people said, asking not to be named because the discussions aren’t public.