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Italy preparing to take controlling stake in Monte dei Paschi - sources

The govt, the bank's single largest shareholder with a 4% share, plans to take the stake up to 40%


ITALY is preparing to take a 2 billion euros (S$3 billion) controlling stake in Monte dei Paschi di Siena as the bank's hopes of a private funding rescue fade following Prime Minister Matteo Renzi's decision to quit, two sources close to the matter said on Tuesday.


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