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Banca Carige SpA Cassa di Risparmio di Genova e Imperia (CRGI.MI)

CRGI.MI on Milan Stock Exchange

0.01EUR
11 Dec 2017
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€-0.00 (-0.95%)
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Volume
501,361,081
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255,604,047
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Latest Key Developments (Source: Significant Developments)

Banca Carige unsold shares in cash call not enough to meet demand - CEO to paper
Thursday, 7 Dec 2017 01:31am EST 

Dec 7 (Reuters) - Banca Carige CEO Paolo Fiorentino says in interview with La Repubblica newspaper::SHARES NOT TAKEN UP IN RIGHTS ISSUE WILL NOT BE ENOUGH TO MEET DEMAND FROM INVESTORS WANTING TO ENTER CAPITAL OR RAISE STAKES.READY TO LOOK FOR PARTNER AFTER PUTTING HOUSE IN ORDER.  Full Article

Banca Carige agrees consumer credit unit sale to Chenavari for 80.1 mln euros
Thursday, 7 Dec 2017 01:08am EST 

Dec 7 (Reuters) - Italian lender Banca Carige says::HAS SIGNED BINDING AGREEMENT FOR SALE OF 80.1 PERCENT OF CREDITIS CONSUMER CREDIT UNIT TO CHENAVARI INVESTMENT MANAGERS FOR 80.1 MILLION EUROS.  Full Article

Italy's Carige picks Chenavari for Creditis unit sale
Monday, 4 Dec 2017 04:20pm EST 

Dec 4 (Reuters) - Italy's Banca Carige says: :IT HAS PICKED CHENAVARI INVESTMENT MANAGERS FOR EXCLUSIVE TALKS FOR SALE OF ITS CREDITIS UNIT.CHENAVARI INVESTMENT MANAGERS SIGNED FIRST ALLOCATION COMMITMENT WITH EQUITA SIM FOR UP TO 40 MILLION EUROS.IT EXPECTS TO FINALISE CREDITIS SALE BY DEC. 6.IT HAS AGREED TO SELL 1.2 BILLION EURO BAD LOAN PORTFOLIO AND DEBT SERVICING PLATFORM TO ITALY'S CREDITO FONDIARIO.BONDHOLDERS GENERALI, INTESA SANPAOLO VITA, UNIPOL SAI TO SUBSCRIBE TO CAPITAL INCREASE FOR A TOTAL OF 45 MILLION EUROS.  Full Article

Lonestar commits to raising stake in Italy's Carige to 9.99 pct
Monday, 4 Dec 2017 03:41pm EST 

Dec 4 (Reuters) - Italy's Banca Carige shareholder Compania Financiera Lonestar says: :SAYS ASKED DEPOSITARY BANK ON MONDAY TO SUBSCRIBE TO BANK'S CASH CALL BASED ON ITS CURRENT 6.001 PERCENT STAKE.CONFIRMS COMMITMENT TO RAISE ITS STAKE TO 9.99 PERCENT, SUBJECT TO CONDITIONS INCLUDED IN CASH CALL UNDERWRITING CONTRACT..  Full Article

Italy's Banca Carige shortlists 2 bidders for sale of Creditis unit
Tuesday, 28 Nov 2017 03:30pm EST 

Nov 28 (Reuters) - Italy's Banca Carige says::SHORTLISTED TWO BIDDERS FOR THE SALE OF ITS CONSUMER CREDIT UNIT CREDITIS.WILL CONTINUE TO DISCUSS SALE OF CREDITIS UNIT TO REACH DECISION BY END OF NEW SHARE OFFER PERIOD.CEO PAOLO FIORENTINO "SATISFIED WITH QUALITY OF OFFERS RECEIVED", WISHES TO CLOSE SALE OF CREDITIS QUICKLY.  Full Article

Carige says bidder for Creditis waives Nov. 22 deadline for accord
Thursday, 23 Nov 2017 02:05am EST 

Nov 23 (Reuters) - Banca Carige says::one of the bidders for consumer credit unit Creditis waived condition that its offer be accepted by Nov. 22 as prerequisite for taking unsold shares in cash call.  Full Article

Banca Carige CEO says confident cash call will succeed
Wednesday, 22 Nov 2017 05:45am EST 

Nov 22 (Reuters) - Banca Carige press conference::CEO Paolo Fiorentino says confident demand for bank's new shares will exceed size of issue.Chief Executive says cash call is "ironclad".CEO says lender in exclusive talks with ICBPI to sell its point of sale (POS) business.Fiorentino says rules out any further capital raising.CEO says losses on sale of bad loan portfolio to Credito Fondiario will be lower than anticipated.Chief Financial Officer Andrea Soro says Italian Treasury's bad loan company SGA and Banca IFIS are interested in taking part in capital increase.CEO says there has been "significant pressure" on bank's retail funding due to recent press headlines but no stress on liquidity thanks to buffers, bank will work to recover lost ground as it has done in the past.CFO says bank has already more than fully recovered funding lost from corporate clients.  Full Article

Italian market watchdog approves Carige's cash call prospectus
Tuesday, 21 Nov 2017 08:55am EST 

Nov 21 (Reuters) - Banca Carige: :Italian market watchdog says approves the prospectus for the lender's cash call.Italian market watchdog says the lender's cash call will start on Wednesday.  Full Article

Banca Carige cash call to be considered "highly dilutive" - bourse
Monday, 20 Nov 2017 02:57am EST 

Nov 20 (Reuters) - Banca Carige::Italy's bourse says Banca Carige's share issue to be considered "highly dilutive", rules of the so-called "rolling model" to be applied.  Full Article

Shares in Banca Carige to resume trading on Monday-watchdog
Monday, 20 Nov 2017 02:56am EST 

Nov 20 (Reuters) - Banca Carige::Italian market watchdog says shares in the lender to resume trading on Monday.  Full Article