Home Business Mps, EU Antitrust: ‘it’s up to Italy to decide ways to get out of property based on 2017 commitments’

Mps, EU Antitrust: ‘it’s up to Italy to decide ways to get out of property based on 2017 commitments’

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“It is the responsibility of the Member State to respect the commitments made and propose ways to respect them. It is therefore up to Italy to decide and propose ways on how to get out of the Mps property, taking into account the commitments made in 2017”. Thus, according to reports from the news agency Il Sole 24 Ore-Radiocor, the spokeswoman for the European Antitrust commented on the breakdown of negotiations between Mef and UniCredit on Mps.

“We are closely following recent developments and are in contact with the Italian authorities”, said the spokesperson, recalling that Brussels had given its ok in 2017 to the precautionary recapitalization plan of Mps on the basis of some commitments that had been made by the Italian government.

“Italy has committed to sell all shares held by a certain deadline and the deadline for completing the privatization (by the end of the year) has not expired. The Commission cannot comment on the exact deadline, which is considered confidential information “.

The ball now passes to the Draghi government.

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