August 10, 2017 / 5:40 PM / 6 days ago

BRIEF-Monte dei Paschi says state takes up 3.85 bln euros of shares in its capital increase

Aug 10 (Reuters) - Banca Monte dei Paschi di Siena says:

* has completed capital increase with the Treasury taking up 593.87 million shares for 3.85 billion euros ($4.52 billion)

* an additional 4.473 billion euros coming from the issuance of 517.1 million shares was fully underwritten via the conversion of subordinated bonds Further company coverage: ($1 = 0.8510 euros) (Reporting by Milan newsroom)

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