Reuters: Private Equity: MPS top investor dismisses stake sale problems

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MPS top investor dismisses stake sale problems Mar 23rd 2012, 13:27 MILAN, March 23 | Fri Mar 23, 2012 9:27am EDT MILAN, March 23 (Reuters) - The top investor in Italy's third-biggest lender Banca Monte dei Paschi di Siena said it was "rapidly proceeding" with the planned sale of a chunk of its holding in the bank, dismissing speculation sale talks had stalled. Press reports that the foundation controlling MPS had sent back an offer from Italian private equity fund Equinox for a stake of around 10 percent had triggered a 3 percent slide in the bank's shares, traders said.

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