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BRIEF-Carige main shareholder proposes planned cash call be a rights issue
September 4, 2017 / 6:19 PM / 3 months ago

BRIEF-Carige main shareholder proposes planned cash call be a rights issue

Sept 4 (Reuters) - Malacalza Investimenti, the main shareholder of Italian lender Banca Carige:

* proposes the removal of powers granted the bank’s board to limit or exclude pre-emption rights in the lender’s planned capital increase of up to 560 million euros ($666 million)

* says the cash hike earmarked for the planned liability management exercise can be exception to this Further company coverage: ($1 = 0.8407 euros) (Reporting by Milan newsroom)

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