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EquityFollow-ons and Rights issues

Italian bank recaps move ahead with UniCredit, UBI

UniCredit Building 230x150

Italy took two steps forward in fixing its embattled banking system on Thursday, as UniCredit won shareholder approval for its €13bn rights issue, while UBI Banca shares surged on the news that it will seek to raise €400m to support a takeover of three retail banks bailed out in 2015.

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