March 8, 2018 / 3:18 PM / 5 months ago

Creval has commitments for 150 mln euros on unsold shares in cash call-source

MILAN, March 8 (Reuters) - Italy’s Creval has investors lined up to take on 150 million euro in shares left unsold in a 700 million euro ($864 million) cash call that ends on Thursday, a source close to the matter said confirming a press report.

The mid-sized Italian lender launched last month a new share issue attempting to raise eight times its market value to restructure and prepare for a possible merger.

$1 = 0.8098 euros Reporting by Gianluca Semeraro, writing by Valentina Za, editing by Luca Trogni

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