Glass Lewis urges Monte dei Paschi investors to back cash call

MILAN – Main governance adviser Glass Lewis has beneficial shareholders in state-owned Italian financial institution Monte dei Paschi di Siena again a deliberate 2.5 billion euro ($2.5 billion) new share concern, a doc confirmed.

The money name is “a core element of the capital consolidation plan which is vital to the corporate’s long-term viability,” Glass Lewis mentioned in a report, an extract of which was seen by Reuters.

($1 = 0.9998 euros)

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