|Bid||1.0710 x 0|
|Ask||1.0730 x 0|
|Day's range||1.0675 - 1.0910|
|52-week range||1.0040 - 1.4500|
|Beta (5Y monthly)||1.09|
|PE ratio (TTM)||N/A|
|Earnings date||04 Nov 2021|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||23 May 2011|
|1y target est||0.95|
ROME (Reuters) -Italy has been asked to provide more than 7 billion euros ($8 billion) in capital to UniCredit to strike a deal over Monte dei Paschi and offload as much as possible of the state-owned bank to the stronger rival, two people close to the matter said. UniCredit, Italy's No. 2 lender, agreed on July 29 to discuss buying selected parts of Monte dei Paschi (MPS) from Italy's Treasury, which rescued the Tuscan bank in 2017, spending 5.4 billion euros. Under the terms of the bailout, Italy must cut its 64% stake in MPS by mid-2022 at the latest.
Italy's Treasury is considering extending by six months tax breaks for corporate mergers it first introduced to entice a buyer for troubled state-owned bank Monte dei Paschi di Siena (MPS), two sources close to the matter said. The scheme applies to all companies, but it benefits mostly banks and is a key plank of an incentive package the Treasury has tabled to sell MPS to stronger rival UniCredit. The extension would give UniCredit more time to approve the purchase of "selected parts" of MPS it has been discussing with the Treasury since early August.
Talks to sell state-owned bank Monte dei Paschi di Siena (MPS) to UniCredit are set to enter the final stretch now that a vote in the Tuscan bank's hometown of Siena is out of the way. UniCredit agreed on July 29 to discuss buying selected parts of MPS from Italy's Treasury, which rescued the lender in 2017. Though the due diligence analysis ended in September, talks stalled ahead of local elections in many Italian cities and a vote in Siena to fill a vacant parliamentary seat.