MILAN Feb 25 Shares in Banca Carige
were slighly lower on Tuesday after the key shareholder in the
troubled Italian lender said it would seek to delay a planned
Carige is aiming to approve a cash call for up to 800
million euros ($1.1 billion)by the end of March.
The Carige foundation, that owns 46 percent of the
Genoa-based bank, has no money to invest in it and fears a
drastic dilution of its stake.
The foundation said late on Monday it would call an
extraordinary shareholder meeting to either extend the end-March
deadline or have the rights issue approved by then but with its
start scheduled for June.
By 0804 GMT shares in Carige were 0.2 percent lower after a
marginally higher opening. Italy's banking stock index
was 0.4 percent lower.
Carige's chairman and chief executive are due to meet on
Tuesday with the Bank of Italy.
($1 = 0.7285 euros)
(Reporting by Valentina Za, editing by Danilo Masoni)