Mediobanca says begins arbitrage between Carige shares, cash call rights

MILAN, June 18 Wed Jun 18, 2014 1:55am EDT

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MILAN, June 18 (Reuters) - Italian investment bank Mediobanca said on Wednesday it had begun to arbitrage between ordinary Banca Carige shares and option rights related to the lender's capital increase.

Mediobanca said the activity could impact up to a maximum of 151 million Banca Carige shares.

(Reporting by Agnieszka Flak; editing by Maria Pia Quaglia)