December 27, 2018 / 3:04 PM / 6 months ago

Carige's top investor to meet with ECB on Thursday - source

MILAN, Dec 27 (Reuters) - Banca Carige’s single biggest shareholder, Italy’s Malacalza family, will meet with European Central Bank supervisors later on Thursday over a failed cash call approval, a source familiar with the matter said.

Carige on Saturday failed to win shareholder approval for a 400 million euro ($455 million) share issue that was part of a rescue financed by Italian lenders to shield the industry from a crisis at a time of difficult market conditions.

The ECB declined to comment on the issue.

Reporting by Valentina Za; editing by Francesca Landini

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