April 23, 2018 / 2:42 PM / a month ago

BPER investor Unipol says would support potential cash call

SAN LAZZERO DI SAVENA, Bologna (Reuters) - Italian insurer Unipol, which owns nearly 10 percent of BPER Banca (EMII.MI), would support a new share issue at the Italian bank if it used the cash for a radical bad loan clean-up, Unipol CEO Carlo Cimbri said.

“We believe in the bank ... we could support such a plan,” Cimbri on Monday said in answer to a question over an hypothetical capital increase at BPER.

    Reporting by Stephen Jewkes, writing by Valentina Za, editing by Giulia Segreti

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