Banca Monte dei Paschi di Siena S.p.A. (BIT:BMPS) has received three binding offers for a package of properties that could be worth up to $332.49 million, sources close to the matter said. Earlier 2019 bank put on sale a portfolio of real estate assets in different Italian cities to boost its capital and comply with a restructuring plan agreed with the European Central Bank (ECB). The Blackstone Group Inc. (NYSE:BX), DeA Capital Real Estate SGR S.p.A. and Hines Interests Limited Partnership submitted binding offers by a deadline initially set at the beginning of December, the sources said.

Monte dei Paschi, currently under state ownership following a bailout in 2017, is expected to take a decision at the end of January 2020, according to the sources.