Monte Paschi Raises 4.99 Billion Euros In Rights Issue
Italy’s Banca Monte dei Paschi di Siena said on Friday it had raised 4.99 billion euros through the sale of new shares, boosting its capital base and increasing the chances it could pass an EU review of bank assets. In a statement, the Tuscan-bank, said the highly-dilutive rights issue was 99.85 percent subscribed, adding that unsubscribed rights will be offered on the market July 1-7.
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