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UniCredit rallies as value shines through

10 Jan 2012

Bookrunners for UniCredit’s €7.5bn rights issue were adamant on Monday that the shares and rights would stabilise as the cheap valuation came to the fore. On Tuesday morning their confidence appeared justified — the shares rallied to close up 6% and the rights soared 81% to close the gap to their implied price.

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10 Jan 2012