The oldest surviving bank in the world selling stake to Qatar investors

Monte dei Paschi di Siena, the oldest surviving bank in the world and Italy's third largest bank, is in talks to sell a 15-20% stake to the sovereign wealth fund of Qatar.

Reuters is reporting that Loss-making Monte dei Paschi, which received 4.1 billion euros ($5.58 billion) of state aid last year after being hit by the sovereign debt crisis and a derivatives scandal, is looking to raise 3 billion euros in fresh capital. A sovereign fund in Oman is also interested in acquiring stake.

Qatar Investment Authority is listed in the Middle East Investors Directory with the code BD44

More details from Reuters here.