Overview

• Prosecutors are probing the November 2024 sale of a 15% Monte dei Paschi stake by the Italian Treasury, executed through Banca Akros via an Accelerated Book Building procedure.
• Andrea Orcel appeared after his Financial Times interview in which he criticized Italy’s banking system and discussed the Treasury’s expedited MPS share placement.
• Stefano Vincenzi testified on the defamation suit filed by Mediobanca that triggered the probe and answered questions on broader banking consolidation moves.
• Investigators are examining whether the accelerated placement included an unwarranted premium and deliberately excluded other potential bidders.
• The inquiry also covers a reported UniCredit attempt to acquire its own stake in Monte dei Paschi, intensifying scrutiny of sector transactions.