MPS shareholders approve plan for 1 bln euro cap hike

SIENA, Italy, Oct 9 (Reuters) - Italy's third biggest lender, Banca Monte dei Paschi di Siena , won approval on Tuesday for a capital increase of up to 1 billion euros that will be carried out by 2015.

The plan was approved by investors at an extraordinary shareholder meeting. MPS Chairman Alessandro Profumo said those who voted in favour of the cash call represented 57.6 percent of the bank's capital.

(Reporting By Silvia Aloisi)

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