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BRIEF-UniCredit shares close down 7 pct in weak sector as cash call starts
February 6, 2017 / 4:47 PM / 10 months ago

BRIEF-UniCredit shares close down 7 pct in weak sector as cash call starts

Feb 6 (Reuters) - UniCredit:

* Shares in the Italian lender close down 6.86 percent on first day of its 13 billion-euro capital increase

* Shares weakened during the session as Italy’s banking index worsened to close down 4.67 percent

* Rights to buy into UniCredit’s cash call close down 18.85 percent

* Italian bond yields spike higher after France’s far-right National Front leader Marine Le Pen launched her presidential bid, vowing to take France out of the euro zone

* Italy’s biggest corporate share sale began on Monday in an attempt to raise 13 billion euros for UniCredit to rebuild the bank’s capital after a balance sheet clean up. Further company coverage: (Reporting by Milan newsroom)

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