Banca Akros Says Monte Paschi Stake Sale Was in Full Compliance
By and Sonia Sirletti
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Banco BPM SpA 's unit Banca Akros said it fully complied with the law and best practices as coordinator for the sale of an Italian government stake in Banca Monte dei Paschi di Siena SpA in November.
Akros was responding to Italian media reports earlier Friday, including by Corriere della Sera, that prosecutors in Milan were looking into the finance ministry's sale of a 15% stake to a group of investors through an accelerated bookbuilding procedure.
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