for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up
Deals

Italy's depositor fund rejects BPER's proposal for Carige - sources

FILE PHOTO: The logo of the Carige bank is seen in Rome, Italy September 20, 2018. REUTERS/Max Rossi

MILAN (Reuters) - Italy’s depositor protection fund FITD has rejected BPER’s takeover proposal for rival Carige, two people with knowledge of the matter said on Thursday.

Shares in Carige fell as much as 6.8% on the Milan bourse following the news, which was first reported by Radiocor news agency. Shares in BPER lost 3.6%.

Reporting by Andrea Mandala and Valentina Za, editing by Maria Pia Quaglia

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up