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UniCredit investor CRT foundation set to subscribe cash call for 1.8 pct - source
February 9, 2017 / 9:48 AM / 8 months ago

UniCredit investor CRT foundation set to subscribe cash call for 1.8 pct - source

TORINO, Italy, Feb 9 (Reuters) - UniCredit’s shareholder CRT Foundation is set to subscribe the Italian lender’s 13 billion-euro ($13.9 billion) cash call for a stake of 1.8 percent, a source close to the matter told Reuters.

The 1.8 percent refers to CRT’s entire holding in UniCredit, when calculated taking into account convertible bonds issued in 2009 and held by UniCredit’s main shareholders. ($1 = 0.9341 euros) (Reporting by Gianni Montani, writing by Agnieszka Flak, editing by Emilio Parodi)

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