Mps towards the capital increase, the CEO Lovaglio to work on capital strengthening
Little is missing from the long-awaited capital increase and 2, 5 bln: the CEO of Mps Luigi Lovaglio continues to work in the search for potential private investors who will have to do their part in strengthening assets. The bank must in fact find on the market about 900 million, which are added to the 1.6 billion put on the table by the Treasury, the largest shareholder with 64% of capital.
In an uncertain geopolitical context, the participation of the two strategic partners will be decisive, Axa (bancassurance) e Anima (managed savings), which, as anticipated by Affari in unsuspected times, are the only ones who have so far shown a general willingness to subscribe a share of the increase in exchange for a review of the commercial agreements with the bank, with an extension the timing of partnerships and an update of commitments and guarantees.
In this regard, Bloomberg reported on meetings that took place between Lovaglio, the CEO of Anima, Alessandro Melzid’Maleand that of Axa, Thomas Buber. The intention seems to be to find an agreement shortly, perhaps before the publication of the prospectus of the increase expected for 3 October. The soul is the Axiswhich could go 5-10% of the post-increase capital, entering a total of 400 million (200 per person). Both could therefore prove to be decisive for the Sienese increase to really take off.
READ ALSO: Mps: Treasure and Soul are ready, we need an assist from Draghi (and not from Meloni)
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