BNL’s Eu1.2bn rights to solve bad loans gets 99% take-up

17 Dec 2004

Italian financial group Banca Nazionale del Lavoro on Monday completed its Eu1.22bn rights issue, expanding its share capital by about 26%.

Around 99% of shareholders took up their rights. The large take-up meant underwriters Goldman Sachs, JP Morgan and Mediobanca only had to ...

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