ROME/MILAN The rescue of sickly Italian lender Carige took a step forward on Wednesday when key players struck a framework deal over an equity fundraising, sources said, a day before a deadline set by the European Central Bank to avert winding the bank down.
MILAN Italian banks are set to fund the bulk of a 900 million euro ($1.01 billion) rescue plan for troubled regional lender Carige in a last-ditch attempt to avert liquidation, three sources close to the matter said.
MILAN Italian mid-sized bank Creval said on Tuesday it would shed risky assets and streamline its business in an effort to become more attractive to a potential merger partner.
MILAN Italian payment group Nexi's initial public offering has been priced at 9 euros per share in a 2 billion euro deal set to be one of Europe's biggest IPOs this year, sources close to the process said.
MILAN The European Central Bank has pushed back a deadline to submit binding bids for troubled Italian lender Carige to mid-May so as to give a specialist fund run by BlackRock more time, two sources familiar with the matter said.
MILAN U.S. fund Varde Partners has pulled out of the bidding for troubled Italian bank Carige, a source said on Tuesday, leaving a specialist fund run by BlackRock as the only potential buyer still known to be considering a bid.
MILAN Italian payments group Nexi's initial share sale drew strong investor demand on its first day, with bookrunners saying orders exceeded the amount on offer in what is likely to be one of Europe's biggest listings this year.
MILAN, March 25 U.S. funds Varde Partners and
BlackRock plan to submit rival bids for troubled Italian
lender Banca Carige by mid-April, three sources close
to the matter said on Monday.
MILAN, Feb 25 Italian mid-sized bank Creval
said on Monday that its chief executive Mauro Selvetti
had resigned and would be replaced by chairman Luigi Lovaglio,
as shareholders seek a change of strategy.