The Traderszone Network

Published in TZ Latest News 15 March, 2015 by The TZ Newswire Staff

Monte Paschi’s chairman aims to step down after cash call: paper

Alessandro Profumo wants to step down as chairman of Monte dei Paschi di Siena (BMPS.MI) once the troubled Italian bank has completed its 3 billion-euro ($3 billion) share sale, according to Italian daily Il Sole 24 Ore. Asked to comment on the report, Profumo told Reuters the issue would be discussed later this week, once the Monte dei Paschi foundation, a key shareholder, has approved a list of nominees for the renewal of the bank’s board.

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