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北京时间·🕒 发布 19:47:26时区推断·⟳ 抓取 19:53:29·⚡ 决策 07-15 20:03:34 +10m05s·103.9 天前
意大利政府称将很快退出国内银行持股，可能出售MPS剩余4.9%股权
意大利政府剩余MPS持股约4.9%，按当前价格约17亿欧元，出售会影响MPS股权供给和银行并购格局。
📄 原文Reuters↗ 原文
Italy will soon unwind its stakes in domestic lenders, Economy Minister Giancarlo Giorgetti said, indicating Rome is c…
不做 Banca Monte dei Paschi di Siena（BMPS.IT）
政府退出表态缺少确定出售价格和并购结论，既可能去国有化也可能形成供给压力，方向不清；不做。
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研究档案
🔎 新鲜度:最早出现 2026-07-15 · 扩散 medium · price-in 风险 medium ↗
关键理由
- 意大利政府剩余MPS持股约4.9%，按当前价格约17亿欧元，出售会影响MPS股权供给和银行并购格局。
- 但这更像政策表态和潜在ABB供给，不是已经定价的并购成交或确定溢价事件。
主要风险
- Intesa对MPS的306亿欧元现金加股票收购、Banco BPM潜在接触均仍在进行，方向取决于交易结构和监管态度。
反向证据
- 做多前查反向 · 来源 web · 日期 2026-07-15 · 影响 weakens
潜在ABB出售可能带来供给压力，并购竞争格局未定，方向不清。
检索:MPS Italy stake sale ABB Intesa bid uncertainty 原文 ↗
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原文全文
展开原文 · 2,025 字
Italy will soon unwind its stakes in domestic lenders, Economy Minister Giancarlo Giorgetti said, indicating Rome is close to selling its 4.9% shareholding in bailed-out lender Banca Monte dei Paschi di Siena (MPS) (BMPS.MI) .
Speaking at the annual meeting of Italy's banking lobby ABI in Rome, Giorgetti also said the government was carefully monitoring developments in the ongoing Italian banking M&A wave, an apparent nod to the €30.6 billion ($35 billion) cash-and-share bid from Intesa Sanpaolo (ISP) (ISP.MI) for MPS.
"I am confident that this will be the last ABI meeting in which the government is a shareholder in some major banks, as the role played by the public shareholder has come to an end," he said.
Giorgetti last month said an accelerated bookbuilding procedure (ABB) would be "one of the best solutions" to cut Italy's stake in MPS, while sources familiar with the matter said the Treasury had explored such an option just before Intesa made its bid official in early June.
At current market prices, the state stake in MPS is worth €1.7 billion.
A divestment from MPS before Intesa's bid starts would be consistent with the government’s stated "neutral stance" on banking M&A moves.
Banco BPM (BAMI.MI) , Italy's fourth-largest bank, also said it wanted to open talks with MPS about a potential merger.
"I think it’s precisely so as not to influence" the consolidation process, BPM CEO Giuseppe Castagna told reporters, when asked about Giorgetti's remarks.
Italy has also taken steps to return to private hands BDM, a small bank rescued in several steps since late 2019.
The minister also said consolidation should improve the banking system's ability to enhance the international profile of Italian companies and encourage investment in technology, security and innovation.
Speaking at the same event, Bank of Italy Governor Fabio Panetta said mergers should preserve "competition, pluralism and banks' responsiveness to the needs of the real economy."
($1 = 0.8759 euros)
Speaking at the annual meeting of Italy's banking lobby ABI in Rome, Giorgetti also said the government was carefully monitoring developments in the ongoing Italian banking M&A wave, an apparent nod to the €30.6 billion ($35 billion) cash-and-share bid from Intesa Sanpaolo (ISP) (ISP.MI) for MPS.
"I am confident that this will be the last ABI meeting in which the government is a shareholder in some major banks, as the role played by the public shareholder has come to an end," he said.
Giorgetti last month said an accelerated bookbuilding procedure (ABB) would be "one of the best solutions" to cut Italy's stake in MPS, while sources familiar with the matter said the Treasury had explored such an option just before Intesa made its bid official in early June.
At current market prices, the state stake in MPS is worth €1.7 billion.
A divestment from MPS before Intesa's bid starts would be consistent with the government’s stated "neutral stance" on banking M&A moves.
Banco BPM (BAMI.MI) , Italy's fourth-largest bank, also said it wanted to open talks with MPS about a potential merger.
"I think it’s precisely so as not to influence" the consolidation process, BPM CEO Giuseppe Castagna told reporters, when asked about Giorgetti's remarks.
Italy has also taken steps to return to private hands BDM, a small bank rescued in several steps since late 2019.
The minister also said consolidation should improve the banking system's ability to enhance the international profile of Italian companies and encourage investment in technology, security and innovation.
Speaking at the same event, Bank of Italy Governor Fabio Panetta said mergers should preserve "competition, pluralism and banks' responsiveness to the needs of the real economy."
($1 = 0.8759 euros)
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