May 9, 2019 / 6:39 AM / 3 months ago

BlackRock pulls out of rescue plan for Italian bank Carige: sources

FILE PHOTO: The Carige bank logo is seen in Rome, Italy, April 16, 2016. REUTERS/Stefano Rellandini/File Photo

MILAN (Reuters) - U.S. private equity fund BlackRock has decided to pull out of a proposed rescue of struggling Italian bank Carige, sources familiar with the matter said on Thursday.

The news was first reported by Italian daily La Repubblica.

Reporting by Stephen Jewkes; Editing by Mark Bendeich

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