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The European Commissioning is evaluated by the Italian government’s controversial sale at Monte Dei Paschi di Sienena last year, following the claims invested.
Unicredit, Norway’s oil fund and blackrock were among the investors that were interested in buying shares when the treasury sold a 15 per cent stake last November had been already closed by Banca Akros, the small local bank, according to several people Familiar with the matter.
Parts in turn have been to four buyers in the household-related ambition to build a third column of Italian system in Italy, the two largest players in the market.
Rome reduces stake in MPs By a series of sales starting on November 2023 to meet EU conditions linked to the bank’s nationalization in 2017. Investors and medibanca operate stocks in the prevailing stock.
The Commission looks at the details of the latest stake sales, following complaints, to check if the process is a fair and open market transaction, according to two people shortened in detail. This initial evaluation can lead to opening an evaluation of state aid but no deciding to have been removed, people warn.
A spokesman for the European Commission refusing to comment.
In the last year’s sale, Banca Akros, the segments have been conducted by the Parent Banco BPM – a lender expected by the Italian government – and the Asset Manager Anima, which is offered by BPM.
The rest of the stake went to families Del Vecchio and Caltagironone, holding stakes in large financial Italy.
All four investors pay a 5 percent premium in parts, according to a Treasury statement.
Initially the Italian government plans to sell a 7 percent stake of MPs, according to its statement announcement. The next morning says 15 percent of the Treasury stake is sold at the end.
The bankers who are familiar with sales details do not have the ordering order guide provided to investors during bidding “unusual”.
Unicredit – Nga fighting to buy Banco BPM In dealing with government opposition – puts an order to buy 10 percent of parts, a significant amount that is commonly associated with the payment of a premium. When Banca Akros returned the follow-up call, UniCredit told the book closed, according to the people familiar with this matter.
Banca Akros acts as a book runner at a multibillion deals for the first time in its history. The Bank of America and Citi also sounded at the Treasury to run the process before it picked up for a small local bank, according to many people shortened in the process details.
Milanese prosecutions also investigate sales to ensure that Italian taxpayers obtain the best deal, according to the people familiar with the details of the investigation.
Last month financial police in Italy got documents from Banca Akros offices in Milan, according to other three people. The chief executive Andrea Andel talks with prosecutors after reported financial time that the bank excluded from selling stake In December, according to some of the people.
Unicredit, Fund of Norway Fund and Blackrock refused to comment.
Banca Akros says it “conducts transparently sales and according to the law with hundreds of institutional insputors participating in a digital platform”.
A financial Italy financial officer has denied anything inappropriate in the bookbuilding process, which he said followed “a market pattern” in the last and for last Italy.
“There is a fast bookuilding (processes everywhere around the world, and all and every one of these transactions is made in the same way,” he said. “This is a more standard approach in the world.”
While Italy has many BOOCRUNNERS for the past sales of the film, the financial ministry officer said for the sale of MPs, Banca Akros focused on maximum prices. “In this case, no price is paired with Akros,” he said.
Shortly after selling stake, MPs launched an enemy taking to a larger rival and the long-term mediabaanaca counselor, where Caltagironone and Del Vecchios are also two biggest investors. European European approval to European for agreement is still pending.
Unicredit’s Olcado said Italian Daily La Repubblica last week the group counts GPS managers to financial constob.
Extra Report through Barbara Mensens
