Domenica, 21 Ottobre 2018

Mediobanca stock suspended for 2nd time Friday on declines


Milan, June 21 - Shares in Mediobanca, Italy's
largest investment bank, were suspended for a second time on
Friday after plummeting a theoretical 8.2% after the company
announced its new business plan.
The stock had already been suspended earlier in the trading
session after dropping more than 5%.
Milan-based Mediobanca announced it would sell its holdings
in companies including Telecom Italia - Italy's former
State-owned telecommunications company - and Assicurazioni
Generali, Italy's largest insurer, in a bid to return to profit.
It said it would raise 1.5 billion euros from the sales,
planned over the next three years.

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