UniCredit spends €118m to escape BPV underwrite

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UniCredit spends €118m to escape BPV underwrite

Owen Sanderson
May 11, 2016 05:15 PM

Escaping the €1.5bn sole underwriting commitment to Banco Popolare di Vicenza, through the establishment of the Atlante rescue fund, cost UniCredit around €118m in capital, according to the bank’s first quarter numbers.

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