Published on Jan 9, 2012 by Euronews
http://www.euronews.net/ Shares in UniCredit slumped again on Monday-- so much that they were briefly suspended from trading on the Milan Stock Exchange -- as Italy's biggest bank moved to increase its reserves by selling 7.5 billion euros worth of shares at a big discount.
The rights, which entitle their holders to buy those new shares went on sale on Monday, and there was little interest from investors.
The Italian bank's shares have lost 37 percent since it announced the capital increase.
The rights, which entitle their holders to buy those new shares went on sale on Monday, and there was little interest from investors.
The Italian bank's shares have lost 37 percent since it announced the capital increase.
No comments:
Post a Comment