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World’s Oldest Bank with History Tracing to 1472 Monte dei Paschi di Siena in Italy Undergoing Privatisation Since $5.7 Billion European Union Bailout in 2017, Italy Ministry of Finance Selects UBS, Jefferies & Clifford Chance as Advisors
26th October 2023 | Hong Kong
The world’s oldest bank with history tracing to 1472 Monte dei Paschi di Siena in Italy is undergoing privatisation since the $5.7 billion (EUR 5.4 billion) European Union bailout in 2017, with Italy Ministry of Finance selecting UBS, Jefferies & Clifford Chance as financial & legal advisors. The bailout in 2007 required 64% of the bank to be sold.
“ World’s Oldest Bank with History Tracing to 1472 Monte dei Paschi di Siena in Italy Undergoing Privatisation Since $5.7 Billion European Union Bailout in 2017, Italy Ministry of Finance Selects UBS, Jefferies & Clifford Chance as Advisors “
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