Carige shareholders approve rescue plan

FILE PHOTO: The Carige bank logo on a building in Rome, Italy, April 16, 2016. REUTERS/Stefano Rellandini/File Photo September 20, 2019
GENOA, Italy (Reuters) – Shareholders in Italy’s Carige <CRGI.MI> approved on Friday a 700 million euro ($771 million) cash call needed to save the lender from liquidation.
The capital increase is a part of a 900 million euro rescue package financed mostly by rival Italian banks.
Carige temporary administrator Raffaele Lener said shareholders had approved the capital raising – the bank’s fourth cash call since 2014 – with 91% of votes.

(Reporting by Andrea Mandala, editing by Valentina Za)


(function(d, s, id) { var js, fjs = d.getElementsByTagName(s)[0]; if (d.getElementById(id)) return; js = d.createElement(s); js.id = id; js.src = ‘https://connect.facebook.net/en_US/all.js#xfbml=1’; fjs.parentNode.insertBefore(js, fjs); }(document, ‘script’, ‘facebook-jssdk’));


Source link