Bank of America and Orrick will become financial and legal advisors to secure the sale of the Italian bank Monte dei Paschi as part of the Ministry of Finance's privatization plan, sources said Reuters. Rome is expected to pay about β¬ 150 million as financial and legal fees, most of which will be received by the Bank of America. The Ministry of Finance of Italy and Bank of America declined to comment.
Bank of America and Orrick will become financial and legal advisors to secure the sale of the Italian bank Monte dei Paschi as part of the Ministry of Finance's privatization plan, sources said Reuters. Rome is expected to pay about β¬ 150 million as financial and legal fees, most of which will be received by the Bank of America. The Ministry of Finance of Italy and Bank of America declined to comment. 
uk.reuters.com
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