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5 months ago
BRIEF-Apollo rejects accusations related to Carige asset acquisition
March 3, 2017 / 5:48 PM / 5 months ago

BRIEF-Apollo rejects accusations related to Carige asset acquisition

1 Min Read

March 3 (Reuters) - Banca Carige:

* Insurance Amissima, controlled by U.S. private equity firm Apollo, says it rejects accusations by the board of Banca Carige related to its acquisition of the bank's insurance assets

* Amissima says has filed a request for damages for over 200 million euros

* Amissima says allegations in documents prepared for the bank shareholders' meeting on March 28, which is due to vote whether to proceed against Apollo, are "misleading"

* Amissima says that bank could face serious economic consequences should its shareholders vote in favour of suing Apollo's executives over the bank's insurance assets acquisition Further company coverage: (Reporting by Milan newsroom)

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