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Monte Paschi sells Fiat stake to Goldman, JP Morgan

MILAN, Jan 20 (Reuters) - Italian bank Monte dei Paschi di Siena said on Friday it had sold its stake in carmaker Fiat to Goldman Sachs and JP Morgan in block trades.

Monte Paschi said in a statement it sold 29 million shares, or 2.5 percent of Fiat's total share capital after the market close on Thursday.

Earlier on Friday, dealers had said Goldman Sachs and JP Morgan were placing about 20 million shares in Fiat at 8.25 euros.