Carige shareholder placing stake at 0.435-0.48 euros/shr - source

MILAN Tue May 20, 2014 12:38pm EDT

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MILAN May 20 (Reuters) - The top foundation shareholder of Italy's Banca Carige is placing a 15 percent stake in the lender in a range of 0.435 to 0.48 euros per share, a market source said on Tuesday.

Banca IMI and Credit Suisse Securities are joint-bookrunners of the offer which is reserved for institutional investors.

(Reporting by Elisa Anzolin, editing by Paola Arosio)