milan (reuters) – banca carige should take on a board of directors to fix the amount of the issue of new shares to $560 million, reported tuesday a source close to the case.
the gene pool is expected to launch its capital increase on 20 november, she added.
the development has been successful in its debt swap operation launched in october. this operation, which would convert carige up to 510 million euros of debt from the senior debt and junior high, was part of a project to increase capital.
the european central bank (ecb) has given carige, the ninth italian bank, until the end of december to improve its financial situation.
banca carige is the last of the great italian bank in crisis after the rescue by the government of monte dei paschi di siena and the liquidation of two regional banks.
(andrea mandala; catherine mallebay – vacqueur for services in french, edited by juliet rouillon.
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Translated by forexguides.info Team