Italy faces capital demand of more than $8 bln to offload Monte dei Paschi - NewsBreak

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By Victor in Business
Updated 3 years ago

ROME, Oct 18 (Reuters) - Italy has been asked to provide more than 7 billion euros ($8 billion) in capital to UniCredit to strike a deal over Monte dei Paschi and offload as much as possible of the state-owned bank to the stronger rival, two people close to the matter said.

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