For its future, MPS sees the Unicredit solution as the most feasible one. But in the event that it does not take place in the short / medium term, the plan provides for the capital strengthening of 2.5 billion euros which in all likelihood could slip from the third quarter of 2021 to the first half of 2022. occasion of the interim accounts, released today.
On 29 July Unicredit announced that it had agreed with the MEF the prerequisites for a potential transaction involving the transfer of a selected perimeter of Mps to UniCredit. “UniCredit and MEF will initiate exclusive discussions to verify the feasibility of the operation – said the Sienese institute on the occasion of the accounts – To this end, Banca Monte dei Paschi di Siena and UniCredit have signed a confidentiality agreement necessary for the start of the exchange of information through a dataroom, to which UniCredit has access from Tuesday 3 August “.
“If the structural solution (namely that of Unicredit, ed) should not prove to be feasible in the short / medium term – specifies Mps – it is believed that the capital strengthening operation, initially hypothesized for the third quarter of 2021, may be temporally placed in the first half of 2022 “. However, the capital increase could raise doubts on the part of the ECB on state aid and for this reason this assessment “poses significant uncertainties on the path of capital strengthening of the Parent Company and on the feasibility of a capital increase at market conditions”.