January 8, 2019 / 1:30 PM / 13 days ago

Carige commissioners told unions no M&A partner at present - sources

FILE PHOTO: The logo of Carige bank is seen in Rome, Italy, in this March 1, 2016 file photo. REUTERS/Alessandro Bianchi/File Photo

GENOA, Italy (Reuters) - The special commissioners running Banca Carige (CRGI.MI) told union representatives at a meeting on Tuesday that there is no merger partner at present for the ailing Italian bank, union sources said.

Carige has been placed under temporary administration after failing to raise private capital and must look for a merger with a stronger peer.

Reporting by Paola Balsomini

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