Wednesday, June 15, 2016

Monte dei Paschi invites bids for stake in bad loan unit-sources

MILAN, June 15 (Reuters) - Monte dei Paschi di Siena has

invited bids from investors for a majority stake in a unit that

will manage a gross 28 billion euros ($31 billion) in bad loans

held by Italy's third-biggest bank, two sources familiar with

the matter said.

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