October 17, 2016 / 7:21 AM / 9 months ago

BRIEF-Shares in Monte dei Paschi rise slightly in early trade

1 Min Read

Oct 17 (Reuters) - Banca Monte Dei Paschi di Siena:

* Shares rise 1 percent at open after it says it mandated its chief executive to look at an alternative proposal for capital strengthening received from former Industry Minister Corrado Passera

* The bank said on Saturday it had asked its CEO Marco Morelli to further analyse the plan received on Oct. 13. A source said the board was now expected to discuss it at a meeting on Tuesday. Further company coverage: (Reporting by Milan Newsroom)

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