(ANSA) - ROME, NOV 14 - The share price of Monte dei Paschi
di Siena (MPS) soared on Thursday after fellow lender Banco BPM
acquired a 5% stake in it, sparking hot speculation that a
merger could be on the cards.
MPS's stock was up by over 12% at the middle of the day's
trading.
Banco BPM bought the stake as the Italian Treasury sold MPS off
15% of the world's oldest bank on Wednesday.
The Treasury took control of MPS in a 2017 bailout.
The State has been lowering its stake in stages after initially
taking up 64%.
The new operation takes its stake down from 26.7% to 11.7%.
(ANSA).
MPS stock soars amid Banco BPM merger speculation (2)
BPM buys 5% of fellow lender in Treasury sell-off
