BRIEF-Guangdong Shirongzhaoye unit to sell 51 pct stake in pharma industry JV for 15.1 mln yuan
* Says its unit will sell entire 51 percent stake in a pharma industry JV for 15.1 million yuan, dropping out of the cooperation project
MILAN, March 17 Credit rating agency Fitch cut Italy's Banca Popolare di Vicenza long-term rating on Friday to "CCC", citing the possibility that the regional bank may have to impose losses on investors holding its senior bonds as part of a bailout plan.
The bank is expected to request state aid to fill a capital shortfall through a so-called precautionary recapitalisation as early as Friday, two sources close to the matter have told Reuters.
Fitch, which previously has a B- rating for the bank, said in a statement there was a "real possibility" senior bondholders would be hit if the lender does not receive cash from the state and the conversion or write-downs of junior debt is not sufficient to boost capital, the rating agency said. (Reporting by Francesca Landini)
* Says it plans to set up a joint venture (JV) Mobility Finance Cambodia Plc. with SBI holdings Inc, in August, in Cambodia