Banca Piccolo Credito Valtellinese SpA (PCVI.MI)
19 Jan 2018
Fri, Jan 19 2018
MILAN, Jan 19 Credito Valtellinese (Creval) expects to launch its planned 700 million euro ($859 million) share sale on Feb. 19, two sources familiar with the matter said, testing investor demand for Italian banks ahead of a general election.
MILAN, Jan 19 Italy's Credito Valtellinese expects to launch a planned 700 million euro ($859 million) cash call on Feb. 19 just two weeks before a general election, two sources said.
* Creval's move piled pressure on peers (Adds details, comments)
MORBEGNO, Italy, Dec 19 Shareholders in Italy's Creval approved on Tuesday a new share issue for up to 700 million euros ($827 million) which the mid-sized lender needs to clean up its balance sheet.
* ITALY'S CREVAL SHAREHOLDER DUMONT SAYS INTENDS TO TAKE PART IN BANK'S UPCOMING CAPITAL INCREASE AT LEAST PROPORTIONALLY TO ITS 5.12 PERCENT STAKE. Further company coverage: (Reporting by Milan newsroom)
(The following statement was released by the rating agency) MILAN/LONDON, December 06 (Fitch) Fitch Ratings has downgraded Credito Valtellinese's (Creval) Long-Term Issuer Default Rating (IDR) to 'B-' from 'BB-' and Viability Rating (VR) to 'b-' from 'bb-' and placed them on Rating Watch Evolving (RWE). A full list of rating actions is at the end of this rating action commentary. The rating action follows the announcement by Creval of a business plan, which envisages a EUR700 million capital inc
* SIGNS AGREEMENT FOR SALE OF PORTFOLIO OF NON PERFORMING SECURED EXPOSURES TO HOIST FINANCE
* CITIGROUP JOINS GUARANTEE CONSORTIUM FOR CREVAL'S CASH CALL
MILAN, Nov 21 Italian mid-tier lender Credito Valtellinese is in talks with banks to set up a consortium to underwrite its planned 700 million euros ($822 million) capital increase, a source close to the matter said on Tuesday.
MILAN U.S. fund Cerberus Capital Management is among potential investors interested in Italian bank Creval's turnaround plan but it is too early to say whether it will also commit to buying into the lender's planned share issue, a source close to the matter said.