UniCredit completes €13bn recap after successful rump placement

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UniCredit completes €13bn recap after successful rump placement

UniCredit_HQ_PA_230x150
A logo sign outside of the headquarters of the UniCredit Group in Milan, Italy on September 3, 2016. Photo by Kristoffer Tripplaar | Kris Tripplaar/SIPA USA/PA Images

UniCredit, the largest bank in Italy, has formally finished its €13bn rights issue after selling the unexercised rights on the market for €15m.

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