Banca Monte dei Paschi di Siena SpA, the Italian Treasury and banks are still working to finalize an underwriting agreement that will allow the lender to proceed with a planned share sale, according to people familiar with the matter.
The parties adjourned meetings to find an accord on the 2.5 billion-euro sale to Wednesday, the people said, asking to not be identified discussing confidential information. Banks arranging the deal are waiting for written commitments from several investors before taking a risk on unsold shares, they said.
Chief Executive Officer Luigi Lovaglio is seeking to restructure the historic bank and restore ...
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