The board of directors of the bank led by Saviotti approves the one billion euro pre-merger increase proposal which will be submitted to the shareholders' meeting on May 7 - With the increase in convertible and convertible bonds
The board of Banco Popolare, led by Pierfrancesco Saviotti, has approved the proposed capital increase of 1 billion euros in view of the merger with Bpm, as requested by the ECB to strengthen the bank's capital base. With the capital increase, convertible and convertible bonds will be issued.
The securities will be offered both to entitled shareholders and to institutional investors.
The recapitalization proposal will be submitted to the vote of the shareholders' meeting on May 7th.
FIRSTonline is an independent web journal of economics, finance and stock exchange published by AL Iniziative Editoriali Srl with registered office in Rome, founded and controlled by Ernesto Auci e Franco Locatelli and owned by two minority shareholders (Alessandro Pavesi and Laura Rovizzi). The portal and its applications are created in daily life by two agile editorial offices, one in Milan and one in Milan Roma, and by an innovative and effective team of innovation and web managers.
