MPS says "no" to Passera and UBS plan

9 years ago - Published in Finance, Fundamental Analysis

There is optimism in terms of Mps 5 billion recapitalization and the sale of about 9.6 billion net impaired loans, which will be approved today by the board of the bank. The Board of MPS is moving towards the rejection of the proposal by Corrado Passera and UBS, according to sources close to the situation.
Tonight at 8.00 pm (italian time) it's planning CEO Fabrizio Viola conference call on half-yearly accounts and the plan.