Carige plans 'significant' capital hike to finance branch purchase - chairman |
|
|
|
Published
:
Wed, 12 Sep 2007 08:19
|
MILAN (Thomson Financial) - Banca Carige chairman Giovanni Berneschi said the bank will launch a 'particularly significant' capital increase to finance the acquisition of 78 branches from Intesa Sanpaolo SpA for 996 mln eur.In an interview with the daily MF, Berneschi said the recapitalisation will be completed by the end of the year and he expects that the group's key shareholders will subscribe.Fondazione Cassa di Risparmio di Genova has a 44.13 pct stake in the bank, CNCE 14.56 pct and Assicurazioni Generali SpA 2.11 pct.MF added that the size of the capital increase could be close to the cost of purchasing the branches.philip.webster@thomson.compw/jfrCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
|
|
|
|
|
|
|
| Stock
Quotes * |
|
NASDAQ
|
|
2792.28 |
22.57 (
0.81 %)
|
| SYMBOL (
2012-01-19 ) |
| LAST |
CHANGE
|
|
CARNIVAL
(
11:35am )
|
|
2017.00 |
46.00 (
2.42 %)
|
|
WHITBREAD
(
11:35am )
|
|
1662.99 |
33.99 (
2.09 %)
|
| SYMBOL (
2012-01-19 )
|
| LAST |
CHANGE
|
|
IBM
(
12:34pm ) |
|
181.50 |
0.43 (
0.24 %)
|
| SYMBOL (
2012-01-19 )
|
| LAST |
CHANGE
|
|
|
Print this Story
Carige H1 net rises 20.7 pct to 100.5 mln eur; subprime exposure insignificant 