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BRIEF-Italy to buy Monte Paschi shares at 25 pct discount to bond conversion price
July 5, 2017 / 8:22 AM / 3 months ago

BRIEF-Italy to buy Monte Paschi shares at 25 pct discount to bond conversion price

July 5 (Reuters) - Banca Monte Dei Paschi Di Siena:

* executive confirms state will buy bank shares at 25 percent discount to the price used for conversion of subordinated bonds

* CEO Marco Morelli says Italian market regulator Consob will reassess relisting of shares when bank’s prospectus on exchange offer is finalised by end of September Further company coverage: (Reporting by Milan newsroom)

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