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Press release

Financial press release

01/11/2016 21:50

​Banca Monte dei Paschi di Siena notes the decision by Dott. Corrado Passera to withdraw his proposal of 13 October. The proposal was non-binding, and made on behalf of unidentified investors, so could not be regarded as “firm”.

 

In light of this, the Board of Directors regrets Dott. Passera’s decision which it considers to be based on unfounded arguments incompatible with the requirements of the Bank to ensure equal disclosure among its potential investors and to maintain control over the release of information to them. These are principles established by the applicable legislation which moreover have been fully accepted by other investors who have shown interest, and assume even greater significance in view of the imminent public offer on behalf of the Bank.

 

Finally, with reference to the dialogue with the supervisory authorities, the Bank confirms that it has kept national and supranational regulators continuously updated from the very start with regards to Dott. Passera’s proposal for their evaluation.