Italian banks reach preliminary deal with CCB to save Carige: sources
Reuters
Published Jul 24, 2019 12:01PM ET
Italian banks reach preliminary deal with CCB to save Carige: sources
ROME/MILAN (Reuters) - Italian banks have reached a framework agreement with small cooperative lender Cassa Centrale Banca (CCB) to rescue ailing Banca Carige (MI:CRGI), two sources told Reuters on Wednesday.
The two sides hammered out an agreement to fully subscribe a 700-million-euro ($780 million) rights issue for Carige but are still in talks over details of the broader rescue plan.
One of the sources said a CCB board meeting on Carige was still ongoing.
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Written By: Reuters
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