--Italy wants to sell branches of Banca Monte dei Paschi di Siena SpA before re-privatizing the entire bank, Bloomberg reports, citing unnamed sources.

--The sale would be part of the lender's restructuring plan, which needs to be approved by the European Union. Mediocredito Centrale - Banca Del Mezzogiorno SpA has been identified as a buyer for up to a few dozen branches in southern Italy, Bloomberg reports.

--Italy is also looking to replace MPS Chief Executive Officer Guido Bastianini, according to Bloomberg.

 

Full story: https://bloom.bg/3ghommv

 

Write to Cristina Roca at cristina.roca@wsj.com

 

(END) Dow Jones Newswires

February 02, 2022 01:51 ET (06:51 GMT)

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