Mps closes dispute with the Foundation, will pay 150 million – Ultima Ora


(ANSA) – MILAN, JUL 21 – The Monte dei Paschi di Siena Foundation and Banca Mps announce that a preliminary agreement has been reached regarding the out-of-court compensation claims relating to the Antonveneta acquisition and the capital increases in 2011, 2014 and of 2015. The agreement provides that MPS submits to the board of directors of 5 August on the accounts a settlement that definitively defines the dispute in relation to the payment of 150 million euros and commitments on the enhancement of the bank’s artistic assets. Thanks to the agreement, MPS reduces the compensation claims burdening the bank by € 3.8 billion. (HANDLE).