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Banca Piccolo Credito Valtellinese SpA (PCVI.MI)

PCVI.MI on Milan Stock Exchange

10.47EUR
17 Jan 2018
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Tue, Dec 19 2017

UPDATE 1-Creval's shareholders approve 700 mln-euro cash call

* Creval's move piled pressure on peers (Adds details, comments)

Creval shareholders approve share issue for up to 700 mln euros

MORBEGNO, Italy, Dec 19 Shareholders in Italy's Creval approved on Tuesday a new share issue for up to 700 million euros ($827 million) which the mid-sized lender needs to clean up its balance sheet.

BRIEF-Creval's French Shareholder Dumont to take part in cash call

* ITALY'S CREVAL SHAREHOLDER DUMONT SAYS INTENDS TO TAKE PART IN BANK'S UPCOMING CAPITAL INCREASE AT LEAST PROPORTIONALLY TO ITS 5.12 PERCENT STAKE. Further company coverage: (Reporting by Milan newsroom)

Fitch Downgrades Creval to 'B-'; on Rating Watch Evolving

(The following statement was released by the rating agency) MILAN/LONDON, December 06 (Fitch) Fitch Ratings has downgraded Credito Valtellinese's (Creval) Long-Term Issuer Default Rating (IDR) to 'B-' from 'BB-' and Viability Rating (VR) to 'b-' from 'bb-' and placed them on Rating Watch Evolving (RWE). A full list of rating actions is at the end of this rating action commentary. The rating action follows the announcement by Creval of a business plan, which envisages a EUR700 million capital inc

BRIEF-Creval Signs Agreement to Sell Secured NPE Portfolio with GBV of EUR 24 mln

* SIGNS AGREEMENT FOR SALE OF PORTFOLIO OF NON PERFORMING SECURED EXPOSURES TO HOIST FINANCE

BRIEF-Citigroup joins guarantee consortium for Creval's cash call

* CITIGROUP JOINS GUARANTEE CONSORTIUM FOR CREVAL'S CASH CALL

Italy's Creval says cash call will put bank in shape to do deal

MILAN Italian bank Creval's planned 700 million euro ($828 million) new share issue will succeed and leave it in good shape for a merger which is certain to follow, its director general said.

INTERVIEW-Italy's Creval says cash call will put bank in shape to do deal

* Bankers see fresh wave of M&A among smaller Italian lenders (Adds comments, details)

Creval seeks to form consortium for 700 mln euro cash call-source

MILAN, Nov 21 Italian mid-tier lender Credito Valtellinese is in talks with banks to set up a consortium to underwrite its planned 700 million euros ($822 million) capital increase, a source close to the matter said on Tuesday.

Cerberus, others seen interested in Creval's turnaround plan: source

MILAN U.S. fund Cerberus Capital Management is among potential investors interested in Italian bank Creval's turnaround plan but it is too early to say whether it will also commit to buying into the lender's planned share issue, a source close to the matter said.

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