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Unicredit, Del Vecchio: unnecessary capital increase

The owner of Luxottica answers the reporters' questions on Unicredit's capital increase – “I don't think they need capital. The mania today is to make capital increases”, said Del Vecchio

Unicredit, Del Vecchio: unnecessary capital increase

“There is likely to be a capital increase by Unicredit, I know as much as you do. I wait every day for them to announce it, I don't know if it is necessary ”. This was stated today by Leonardo Del Vecchio, a shareholder of the bank with approximately 2%.

To those who asked him about it, the manager replied: “They keep talking about it, but I read in the newspapers like you. And then the capital increase to do what? What do banks need today? I don't think they need capital. The mania today is to make capital increases”, added the owner of Luxottica, intercepted by reporters in the center of Milan.

"My share in Unicredit has always remained the same, around 2% - he added - I remain calm, I will leave it to my children who will decide what to do with it", Del Vecchio then indicated, adding that he will do the same for the 3% share % in General.

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