MILAN, June 16 French banking group BPCE is set
to buy into Banca Carige's 800 million euro ($1
billion) cash call, which started on Monday, to keep its 10
percent stake in the Italian mid-sized lender unchanged.
BPCE International et Outre-mer (BPCE IOM), the company
through which BPCE holds its financial stakes abroad, said in a
statement it would exercise all of its rights to buy new Carige
The rights lost 20 percent by 0744 GMT.
BPCE IOM owns 9.989 percent of the Genoa-based bank's
capital according to Carige's website. ($1 = 0.7345 Euros)
(Reporting by Andrea Mandala, writing by Valentina Za)