Monte dei Paschi CEO to analyze alternative offer on capital boosting plan

On Friday, the bank's board instructed Chief Executive Marco Morelli to deal with the offer, Monte dei Paschi said in a statement, adding that Morelli had started an in-depth analysis of the proposal.

The bank is currently working to execute an ambitious turnaround plan based on a 5 billion euro capital boosting plan and the sale of 28 billion euros' worth of bad loans.

A source close to the matter said on Saturday that Passera's proposal did not contain details about possible investors interested in injecting capital into the Tuscan bank.

(Reporting by Francesca Landini; Editing by Kevin Liffey)