Browsing All posts tagged under »Rights issue«

Recent capital increases at Italian banks: a real success?

February 2, 2012

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UniCredit’s rights issue closed on last January 27th with 99.8% of new shares subscribed by investors. It seems a great success for the bank and such results might demonstrate a high level of trust from shareholders – that is what the UniCredit’s CEO Federico Ghizzoni said to the press. On January 31st, the Managing Director of […]

Banca Popolare di Milano’s rights issue and the problem of listed cooperative banks in Italy

September 30, 2011

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Last August 25th the Board of Directors of Banca Popolare di Milano (BPM), an Italian listed cooperative bank, has resolved to perform the rights issue approved by BPM’s shareholders at last General Meeting held on June. Maximum amount of the deal: 1.2 billion Euros, versus a current market capitalization of 682 million (closing at September 29th). On […]