Italy Takes Major Step Towards Exiting Bank Stake with New Paschi Sale

In a significant move that signals Italy's ongoing efforts to divest from its banking sector, the government has successfully sold a new stake in the troubled lender, Banca Monte dei Paschi di Siena (MPS). This sale, amounting to approximately 850 million euros ($949 million), is part of a broader strategy aimed at reducing the state's involvement in the banking industry, a legacy from the financial crisis over a decade ago.

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