BMPS controlling shareholder has two consortia bidding for 33.5% stake
Fondazione MPS, the banking foundation seeking to exit the listed Italian bank Banca Monte dei Paschi, has two consortia interested in its 33.5% stake, the Italian-language daily Il Sole 24 Ore reported. The unsourced report said that one consortium is Italian-based led by banking foundation Fondazione Cariplo and while the other is from overseas with investors including Pamploma, Abu Dhabi sovereign wealth fund Aaabar and a South American based investment fund.
The article said that the South American fund could be controlled by a Mexican business family
Other banking foundations that could take part in the Cariplo consortium include Cariverona, Compagnia San Paolo and Fondazione Cassa di Risparmio di Lucca, the item said.
The report added that the Italian consortium has not yet committed to a bid and is still waiting for a request from the Bank of Italy and the Italian Treasury to go ahead.
The article noted that Fondazione MPS is seeking to sell the stake before May, when BMPS is due to launch a EUR 3bn capital increase
Source Il Sole 24 Ore