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Carige pulls its €560m rights issue together as institutions sign up

Banca Carige Italy Genoa branch from PA 230x150

Banca Carige has launched its €560m equity capital raising, after two days of frenetic talks on Thursday and Friday, following the bank’s surpise announcement on Thursday morning that it had been unable to form an underwriting syndicate. Several new investors have agreed to invest in the deal, which will be at 60 new shares for every one held.

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