Bank of Italy creates secondary market for trading in its own shares
Move is part of plan to impose maximum shareholding limit
The Bank of Italy has created a secondary market for dealings in its own shares, it announced recently. The move is intended to support a law passed in 2014, aimed at diversifying the bank's shareholders by imposing a maximum shareholding limit.
The total capital of the Bank of Italy is set at €7.5 billion ($8.4 billion). There are 300,000 registered shares in the bank, each with a nominal value of €25,000. Under a law passed in 2014, any individual shareholder in the Bank of Italy must hold no
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