August 19, 2019 / 4:01 PM / a month ago

Italy's Carige calls shareholder meeting to approve capital increase

LONDON, Aug 19 (Reuters) - Italian bank Carige has called an extraordinary shareholder meeting on Sept. 20 to approve its planned capital increase.

The capital increase is part of a rescue plan led by the depositor protection fund (FITD) that will shoulder the bulk of a 900 million euro ($999 million) cash injection.

The plan received the green light from the European Central Bank last week, sources told Reuters. ($1 = 0.9012 euros) (Reporting by Pamela Barbaglia Editing by David Goodman)

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