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Unicredit is once again in the eye of the storm on the stock exchange: at the end of the morning it loses about 12%

After a promising opening, the stock reversed its trend, losing almost 12% at the end of the morning – the capital increase, sovereign risk and the Hungarian effect weigh heavily

Unicredit is once again in the eye of the storm on the stock exchange: at the end of the morning it loses about 12%

The Befana did not bring gifts to Unicredit but new thorns. After a promising start with an increase of around 5%, the stock has reversed its trend on the stock exchange and now appears to be in free fall. At the end of the morning it is losing about 12%, a little less than the savings, which leave more than 8% on the train. The capital increase and its methods, which provide for a strong discount but also a strong dilution for old shareholders, have a heavy influence on the performance of the share – which is being investigated by Consob – but there is also the sovereign risk that weighs on banks laden with government bonds. In the case of Unicredit, the Hungary effect also counts, where Unicredit is the seventh bank in the country, a country on the verge of bankruptcy.

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