Carige's top shareholder starts placement of 15 pct stake
MILAN May 20 (Reuters) - The top shareholder in Banca Carige has started to place a stake of around 15 percent in the Italian mid-sized lender.
"The operation starts immediately and the Fondazione Carige reserves the right to close it at any time," the banking foundation said in a statement on Tuesday.
Banca IMI and Credit Suisse Securities are joint-bookrunners of the offer which is reserved for institutional investors.
(Reporting by Valentina Za)