Reuters logo
Italian bank Carige says seeks 800 mln euros extra capital
February 25, 2013 / 5:06 PM / 5 years ago

Italian bank Carige says seeks 800 mln euros extra capital

MILAN, Feb 25 (Reuters) - Italian mid-sized bank Carige said on Monday it would sell non-strategic assets and carry out a capital increase as it needed to strengthen its capital base by 800 million euros ($1.06 billion).

The bank, which has a market capitalisation of 1.5 billion euros, also restated the expected one-off gain from a reorganisation plan unveiled last year to 259.3 million euros from 715 million euros announced previously.

It said the restatement was in line with a request by market regulator Consob which had questioned its accounting of certain tax benefits.

$1 = 0.7567 euros Reporting By Silvia Aloisi

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below