Axa sells Banca Monte dei Paschi di Siena shares as part of restructure
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Axa sells Banca Monte dei Paschi di Siena shares as part of restructure

Ayesha Venkataraman
28 February 2023
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Axa has completed the EUR233mn ($247mn) sale of its shares in the Italian commercial bank Banca Monte dei Paschi di Siena at a price of EUR2.33 per share.

The insurer’s 100 million shares in the bank equated to around 8% of the bank’s share capital and were sold in a book-built offering reserved to institutional investors.

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Ayesha Venkataraman
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