Italy's Treasury sees AXA stake sale as way to simplify MPS governance - source
Published on: Monday 27 February 2023
MILAN, Feb 28 (Reuters) - Italy's Treasury does not regard negatively a decision by French insurer AXA to sell its 8% stake in Monte dei Paschi because it boosts free float and simplifies the state-owned bank's governance structure, a person close to the matter said. The Treasury owns 64% of Monte dei Paschi following a 2017 bailout and must eventually exit the Tuscan lender. AXA on Monday sold
