Reuters: Deals: Top investor has sold 8.2 percent of MPS bank

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Top investor has sold 8.2 percent of MPS bank Mar 24th 2012, 14:01 MILAN | Sat Mar 24, 2012 10:01am EDT MILAN (Reuters) - The top investor in Banca Monte dei Paschi di Siena said on Saturday it had cut its holding in Italy's third-largest bank by 8.2 percent following the agreed sale of a 4 percent stake to the Aleotti family, owners of a Tuscany-based business group. The investor, Fondazione Banca Monte dei Paschi di Siena, has got the Treasury's green light to sell up to 15.5 percent of its 49 percent holdings in the bank to repay a hefty debt. The stake sales have been carried out at an average price per share of 0.376 euros, the foundation said in a statement.

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