October 4, 2017 / 10:58 AM / 7 months ago

Monte dei Paschi shares to resume trading soon: Treasury official

ROME (Reuters) - Shares in bailed-out Italian bank Monte dei Paschi di Siena (BMPS.MI) should soon return to trade on the Milan bourse, a senior Treasury official said on Wednesday, adding a request had already been filed with market watchdog Consob.

The entrance of Monte Dei Paschi di Siena is seen in San Gusme near Siena, Italy, September 29, 2016. REUTERS/Stefano Rellandini

Shares in Monte dei Paschi have been suspended from trading since December last year when Italy’s fourth-largest bank failed to raise cash from investors and had to turn to the state for help.

    “It’ll happen soon. They have filed a request with Consob so it’s just a matter of technical steps,” Fabrizio Pagani said on the sidelines of a banking conference.

    Reporting by Stefano Bernabei, writing by Valentina Za

    0 : 0
    • narrow-browser-and-phone
    • medium-browser-and-portrait-tablet
    • landscape-tablet
    • medium-wide-browser
    • wide-browser-and-larger
    • medium-browser-and-landscape-tablet
    • medium-wide-browser-and-larger
    • above-phone
    • portrait-tablet-and-above
    • above-portrait-tablet
    • landscape-tablet-and-above
    • landscape-tablet-and-medium-wide-browser
    • portrait-tablet-and-below
    • landscape-tablet-and-below