Banca Monte Dei Paschi, Kurssturz! Wie geht es weiter?

eröffnet am 26.05.15 17:28:11 von
neuester Beitrag 03.11.21 15:54:17 von

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 Ja Nein
03.11.21 15:54:17
Beitrag Nr. 341 ()
Italy Still Wants to Sell Monte Paschi, But When Is Unclear…
Italy is still planning to sell its majority stake in troubled bank Monte dei Paschi di Siena SpA. But how much time it will need, after talks with UniCredit SpA ended abruptly, is unclear, according to the official who led the negotiations.

“The privatization of the bank will be a necessary point of arrival for Monte Paschi,” said Alessandro Rivera, director general of the Finance Ministry, who addressed lawmakers Tuesday. “The government has started talks with the European Union to get additional time, which at the moment cannot be quantified.”

Rivera said the Finance Ministry will take part in the bank’s capital increase while seeking other alternatives. The government “will continue to guarantee the bank will be efficiently managed and that it will have a solid capital base,” Rivera said.

While the Treasury’s goal remains to exit the bank, it is unlikely that another sale process can be finalized by June, he added. The Ministry is now focused on the bank’s business plan to present to authorities, Rivera said. Italy doesn’t expect an infringement procedure by the EU due to the delay in the sale.
Banca Monte dei Paschi di Siena SPA after split | 1,035 €
15.10.21 13:40:40
Beitrag Nr. 340 ()
Italy Nears Deal to Split Up Monte Paschi…
The Italian government is closing in on a deal to sell part of the troubled Banca Monte Paschi di Siena SpA to UniCredit SpA, with a state-backed rights offer to pave the way for the transaction likely to exceed the 3 billion euros ($3.5 billion) initially estimated, according to people familiar with the matter.

Talks between the finance ministry, which controls Monte Paschi, and the Milan-based UniCredit led by Chief Executive Officer Andrea Orcel remain focused on a specific subset of profitable assets which would include about 4 million clients and business activities mainly in central and Northern Italy, the people said, asking not to be named as the discussions are private.

The framework agreement between the two sides would not include Monte Paschi’s bad loans and legal risks, and the state will retain some 300 branches, leasing, factoring, capital services and a portion of the corporate center, the people said.

Remaining issues to be addressed include the exact perimeter of assets to be transferred, how to manage the exit of thousands of employees, and critically, the amount of capital to be raised to repair Monte Paschi’s finances before the transaction takes place. As the bank is majority held by the state, recapitalization costs will largely fall to the public purse.

The terms of the deal currently in negotiation would see the state inject fresh funds into the bank through a rights offer that will also give minority shareholders withdrawal rights. Then the state will sell the selected and recapitalized perimeter to UniCredit by taking a minority non-voting stake in UniCredit, the people said.

The Milan-based lender will take the selected assets plus the Monte Paschi corporate identity.

The accord that parties are seeking to sign will respect the conditions agreed in July, said the people. UniCredit’s Orcel has already agreed with Treasury that any deal will be signed must be neutral for his bank’s capital level and positive for earnings.

If an agreement on the shape of the deal is made this month, the sale remains on track to be finalized by the end of the year, which would allow UniCredit to benefit from a tax break introduced for mergers and acquisitions in the banking industry, and Italy to comply with a European Union deadline to sell the institution. Italy is also considering extending the tax break by six months, Reuters reported Thursday.
Banca Monte dei Paschi di Siena SPA after split | 1,080 €
01.09.21 11:43:46
Beitrag Nr. 339 ()
Italy May Take on Soured Loans, Extra Branches in Paschi Deal…
Italian public financial institutions may end up purchasing some assets of Banca Monte dei Paschi di Siena SpA that UniCredit SpA doesn’t want in a takeover of the bankrupt lender.

State lender Mediocredito Centrale SpA and state-owned asset manager AMCO SpA were given to access to Monte Paschi’s data room, according to a statement Tuesday. The Italian Treasury may be called on to provide guarantees on some problematic loans on Paschi’s books in order to get a deal done, Italian newspapers reported Wednesday.

Both moves would add further sweeteners for UniCredit to conclude a deal with Siena-based Monte Paschi. The world’s oldest bank has been a burden to the Italian state since it was first bailed out in 2009. While UniCredit has been linked to the lender for some time, Chief Executive Officer Andrea Orcel has set tough conditions for a purchase, according to people familiar with the matter.

Banca Monte dei Paschi di Siena SPA after split | 1,142 €
06.08.21 13:08:51
Beitrag Nr. 338 ()
UniCredit target Monte dei Paschi tops profit forecast…
Monte dei Paschi (MPS) posted better-than-forecast quarterly results on Thursday, while delaying planned job cuts and reducing an expected capital shortfall as rival UniCredit evaluates buying the state-owned bank.

The Italian Treasury, which owns 64% of MPS (BMPS.MI) after a 2017 bailout, last week entered into exclusive talks to sell the Tuscan lender to UniCredit (CRDI.MI). read more

The draft accord caps a year of on-and-off talks that were complicated by a change of leadership at UniCredit, where former UBS investment banker Andrea Orcel took the reins in April.

Orcel has said a decision is expected by mid-September after setting strict terms to consider buying "selected parts" of MPS.

Siena-based MPS' second-quarter earnings confirmed an improving picture of lower loan losses and rebounding revenues for banks across Italy and Europe as the COVID-19 crisis eases.

MPS posted a higher-than-expected 83 million euro ($98 million) net profit for the April-June period, from an 842 million euro loss a year ago. Shares in MPS closed up 4.9%.

Banca Monte dei Paschi di Siena SPA after split | 1,185 €
23.07.21 13:17:54
Beitrag Nr. 337 ()
Italy helping Monte dei Paschi cut legal risks below 5 billion euros-source…
Italy is working with Banca Monte dei Paschi BMPS.MI to help the troubled lender cut its legal risks below 5 billion euros ($5.9 billion) through settlement agreements in a push for privatisation, a source close to the matter said on Wednesday.

The bank and its former top investor Fondazione Monte dei Paschi earlier on Wednesday said they had reached a preliminary accord to settle 3.8 billion euro in outstanding legal disputes, out of a total 10 billion euros in legal claims facing MPS.

Banca Monte dei Paschi di Siena SPA after split | 1,167 €
08.02.21 12:19:22
Beitrag Nr. 336 ()
Antwort auf Beitrag Nr.: 66.686.846 von faultcode am 29.01.21 09:26:26die Zahlen sollen eigentlich erst morgen kommen:…

Banca Monte dei Paschi di Siena SPA after split | 1,342 €
29.01.21 09:26:26
Beitrag Nr. 335 ()
Monte dei Paschi approves capital plan…

Banca Monte dei Paschi di Siena SpA said late Thursday that its board of directors have backed a plan to be submitted to the European Central Bank to address its capital needs, possibly through a merger.

The troubled Italian lender, which in recent years underwent a major overhaul that included state recapitalization, the disposal of billions in bad loans and job cuts, said in December that it estimated its capital needs between 2 billion euros and 2.5 billion euros ($2.42 billion-$3.03 billion).

"The capital plan is based on ongoing focus on a potential structural solution for the bank, including the merger with a partner of 'primary standing,'" the bank said in a statement.

Monte dei Paschi said it would resort to capital strengthening of EUR2.5 billion if it can't pursue a "structural solution" in the short and medium term.

The lender recently said it would cut more than 2,500 jobs as part of its 2021-2025 plan and warned that restructuring charges and loan loss provisions related to the coronavirus pandemic would dent its 2021 net result.
Banca Monte dei Paschi di Siena SPA after split | 1,053 €
1 Antwort
31.12.20 10:37:23
Beitrag Nr. 334 ()
An alle Monte Aktionäre
Hatte ich ganz vergessen...

Ich wünsche uns für das neue Jahr ein gutes Ende oder einen wirklichen Neustart der ältesten Bank der Welt.

Guten Übergang ins neue Jahr 2021! Bleibt alle gesund.

Banca Monte dei Paschi di Siena SPA after split | 1,052 €
31.12.20 10:25:07
Beitrag Nr. 333 ()
Wie ist den der aktuelle Stand?
Es ist sehr schwer an aktuelle Informationen über die Monte zu kommen. Gibt es Informationen wie es weiter geht? Wo gibt es denn die besten Infos. Bisher konnte ich nur zwei zuverlässige Quellen finden. Auf der Homepage der Bank und der Börse Mailand. Gibt es weitere Quellen?
Banca Monte dei Paschi di Siena SPA after split | 1,052 €
01.12.20 00:08:33
Beitrag Nr. 332 ()
Antwort auf Beitrag Nr.: 65.800.197 von faultcode am 22.11.20 18:16:03…
Kern des Konflikts sind angebliche Pläne zur Übernahme der verstaatlichten Bank Monte dei Paschi di Siena (MPS).
Banca Monte dei Paschi di Siena SPA after split | 1,164 €
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Banca Monte Dei Paschi, Kurssturz! Wie geht es weiter?