Qatar fund eyes stake in loss-hit Italian lenderThe Qatar sovereign fund is in talks with the main shareholder of Banca Monte dei Paschi di Siena to buy a 15-20 per cent stake in the troubled Italian lender ahead of its much-awaited rights issue, daily Il Messaggero said. Loss-making More… |
Aabar boosts stake in top Italian bankAbu Dhabi sovereign wealth fund Aabar Investments has increased its stake in Italian bank UniCredit to 6.5 per cent by exercising a call option, market regulator Consob said. Aabar previously had 4.99 per cent of UniCredit, Consob said. More… |
Shareholders eye UniCredit capital pushItalian lender UniCredit's 7.5 billion euro ($9.6 billion) capital increase will likely be taken up by 90-95 per cent of shareholders, a source at one of the deal's 27 underwriters said. UniCredit's deeply discounted rights issue, designed More… |
Italian retail bank in $7bn capital pushItaly's largest retail bank Intesa Sanpaolo is mulling a capital increase of around five billion euros ($7.06 billion). Intesa Sanpaolo's management and supervisory boards are meeting on Tuesday to decide on the capital hike, a financial s More… |