12.02.2014 - Qatar fund eyes stake in loss-hit Italian lender
The Qatar sovereign fund is in talks with the main shareholder of Banca Monte dei Paschi di Siena to buy a 15-20 per cent stake in the troubled Italian lender ahead of its much-awaited rights issue, daily Il Messaggero said. Loss-making Monte dei Paschi, which received 4.1 billion euros ($5.58 billion) of state aid last year after being hit by the sovereign debt crisis and a derivatives scandal, is looking to raise 3 billion euros in fresh capital...............................................Full Article: Source
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