MPS stock falls after govt sells 12.5% stake. The share price originally fell by 2.49% to 4.15 euros, the price set for Tuesday's operation.
But it subsequently regained some of the ground and was 2.23% down at the time of writing. The State had taken a 64.2% stake in MPS in a bailout in 2017. It sold 25% in November, taking its stake down to 39.23%. The government has said it will be completely privatized when the market conditions are right.