Rothschild says never advised Monte Paschi on Antonveneta buy
MILAN (Reuters) - Advisory group Rothschild's Italian unit has never advised Monte dei Paschi di Siena on any capital measure linked to the acquisition of smaller peer Antonveneta from Santander, it said on Sunday, denying a press report.
In a statement Rothschild SpA said it had only advised Santander in the sale.
It said it would take legal action against Italian newspaper La Repubblica which published the report on Sunday.
Monte Paschi, Italy's third largest bank, is under investigation over its 9-billion-euro cash acquisition of Antonveneta from Santander in 2007.
Santander had bought Antonveneta for 6.6 billion euros in a three-way break-up bid for Dutch bank ABN AMRO, and almost immediately sold it on to Monte dei Paschi, netting a hefty gain.
(Reporting By Danilo Masoni)
- Tweet this
- Share this
- Digg this
- Former PM Brown sets aside feud to fight Scottish independence
- Business leaders urge Scots to vote against independence
- Breakthrough hopes dented as Ukraine accuses Russia of new incursion
- British Muslims blame jihadi subculture after beheading video
- Islamic State executes soldiers, takes hostages at Syria base - social media