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Monte dei Paschi shares to resume trading soon - Treasury official
October 4, 2017 / 10:57 AM / 15 days ago

Monte dei Paschi shares to resume trading soon - Treasury official

ROME, Oct 4 (Reuters) - Shares in bailed-out Italian bank Monte dei Paschi di Siena should soon return to trade on the Milan bourse, a senior Treasury official said on Wednesday, adding a request had already been filed with market watchdog Consob.

Shares in Monte dei Paschi have been suspended from trading since December last year when Italy’s fourth-largest bank failed to raise cash from investors and had to turn to the state for help.

“It’ll happen soon. They have filed a request with Consob so it’s just a matter of technical steps,” Fabrizio Pagani said on the sidelines of a banking conference. (Reporting by Stefano Bernabei, writing by Valentina Za)

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