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Three Monte Paschi shareholders lend stakes until July 3-Consob
June 17, 2014 / 12:06 PM / 3 years ago

Three Monte Paschi shareholders lend stakes until July 3-Consob

MILAN, June 17 (Reuters) - Two Latin American investors and the Monte dei Paschi foundation have lent almost all their respective stakes in the Tuscan bank to third parties until July 3, according to a filing published by Italian market regulator Consob on Tuesday.

Monte dei Paschi is in the second week of a highly dilutive 5-billion euro rights issue with a drastic shortage of new shares disrupting trading.

The three shareholders have a combined holding in the bank of 9 percent. Consob did not say who borrowed the shares. (Reporting by Silvia Aloisi; editing by Francesca Landini)

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