March 3, 2017 / 5:48 PM / in 9 months

BRIEF-Apollo rejects accusations related to Carige asset acquisition

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)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below