February 4, 2014 / 4:56 PM / in 4 years

Carige seen unveiling size of cap hike at end-March - source

MILAN, Feb 4 (Reuters) - Italy’s mid-sized bank Carige , which needs to plug an 800 million euro ($1.1 billion) capital shortfall, is set to unveil the size of a share sale with its new business plan at the end of March, a source close to the bank said on Tuesday.

The bank’s board is currently scheduled to meet on March 24 to approve 2013 results. ($1 = 0.7397 euros) (Reporting by Andrea Mandala, writing by Silvia Aloisi)

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