MILAN Oct 9 Italian bank rescue fund Atlante
said on Sunday it had no plan to invest in Monte dei Paschi di
Siena as Italy's third-biggest bank tries to raise 5
billion euros ($5.60 billion) in capital to avert the risk of
being wound down.
"The Atlante fund is not assessing a possible investment in
the bank's capital," the fund's manager Quaestio Capital
Management said in a statement.
Quaestio also denied a press report that its Chairman
Alessandro Penati could become the next Monte dei Paschi's
chairman, saying "Penati had not been contacted by anyone and
was anyway unavailable."
($1 = 0.8928 euros)
(Reporting by Valentina Za, editing by David Evans)