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The Bank of Italy authorizes Banca Mps stock sale

Mag 14, 2014 | 2014

The Mps Foundation announces that yesterday evening the Bank of Italy, taking into account the results of the preliminary examination, and pursuant to art. 19, paragraph 1, and art. 22 of Legislative Decree no. 385/1993, authorized completion of the sale by the Foundation of a total of 6.5% stake in the common stock of Banca Mps to the subjects named by (1) Fintech Advisory (Fintech Europe s.a r.l., which will purchase a stake representing 4.5% of Banca Mps capital stock) and (2) BTG Pactual Europe LLP (BTG Pactual Absolute Return II Master Fund LP, BTG Pactual Global Emerging Markets and Macro Faster Fund LP, BTG Pactual Global Equity Opportunities Master Fund LP and Queen Street Fund Limited, which will buy, all together, a stake representing 2% of Banca MPS capital stock) within the framework of the shareholders’ and sales agreements contained in the contract signed by the parties on 31 March 2014 (and revised on 30 April 2014).

The above-mentioned authorization by the Bank of Italy is in addition to authorization for the sale already granted to the MPS Foundation by the MEF (Ministry of the Economy and Finance).
The MPS Foundation is awaiting further authorization by the MEF to underwrite the increased amount of the planned capital increase to be decided by the shareholders’ assembly in its upcoming meeting from 20 to 22 May.

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