MILAN May 2 Shares in Banca Carige
rose 2 percent on Tuesday, leading gains among Italian banks
after the lender said it would sell around 950 million euros in
bad loans by the end of June at a price no lower than forecast
in its business plan.
Carige, which has been told by European Central Bank
supervisors to cut its bad debts, also said late on Friday its
chief executive was finalising talks with five banks to carry
out a planned 450 million euro ($491 million) share issue.
By 0729 GMT shares in Carige rose 2 percent at 0.26 euros
each against a 1 percent rise in Italy's banking stock index
($1 = 0.9158 euros)
(Reporting by Valentina Za; editing by Francesca Landini)