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Italy's Pop Vicenza says to request state aid
March 17, 2017 / 8:38 PM / 9 months ago

Italy's Pop Vicenza says to request state aid

MILAN, March 17 (Reuters) - Italian mid-tier lender Banca Popolare di Vicenza said on Friday it had informed authorities that it intends to request state aid to fill a capital gap.

The bank said in a statement it had told Italy’s Economy Ministry, the Bank of Italy and the European Central Bank that it wants to request a so-called precautionary recapitalisation by the state.

It also said a settlement offer to shareholders aimed at removing the risk of lawsuits had so far had a take-up of 49.6 percent, with expressions of interest totalling 68.8 percent.

Reporting by Silvia Aloisi

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