Copying and distributing are prohibited without permission of the publisher.

Watermark

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.

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free Trial
10 Jan 2012