Finance

Italy’s Monte Paschi Share Sale Draws Scrutiny From Brussels

A Monte dei Paschi di Siena SpA bank branch in Milan.Photographer: Francesca Volpi/Bloomberg

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By Samuel Stolton, Antonio Vanuzzo, and Sonia Sirletti

June 24, 2025 at 5:42 AM EDT

Updated on

June 24, 2025 at 6:04 AM EDT

The Italian government’s sale of shares in Banca Monte dei Paschi di Siena SpA has spurred scrutiny from European Union regulators, amid reports that some investors were sidelined from the process.

The European Commission’s competition branch has started to dig deeper into the November 2024 stake sale in a move that could eventually provoke a full-blown state aid investigation, according to people familiar with the matter.