(Radiocor) – Unicredit is on the rise together with the banking sector, after the Council of Ministers passed the so-called 20 billion bank-saving decree during the night, which will make it possible to secure MPS. The shares of Piazza Gae Aulenti rise by 1,7%, to 2,9 euros while the 13 billion euro capital increase that the institute will have to launch in the first months of 2017 is on the launch pad its own fundamentals
The operation is proceeding at a brisk pace, so much so that Unicredit has already chosen the banks who will act as joint bookrunner. Institutes that have already signed a pre-underwriting agreement, in line with what has already been signed by the joint global coordinators and co-global coordinators, with which they have undertaken to sign a guarantee contract for the subscription of the newly issued shares , possibly left unexercised at the end of the auction of unexercised rights, which will be held after the subscription period, for a maximum amount equal to the value of the rights issue
Today's Il Sole 24 Ore indicates that the Qatari sovereign wealth fund is studying entry into the shareholding structure of the bank led by Jean Pierre Mustier, after withdrawing from the Banca Mps capital increase. Furthermore, according to rumors, Unicredit is also in the sights of large American investors. Analysts have expressed positive judgments on the cleaning plan implemented by Mustier, which has already carried out the sale of assets considered non-strategic, from Fineco shares to Pioneer, via Pekao Bank. Fitch also confirmed the 'BBB+' rating, following the presentation of the industrial plan for 2019. In the background, however, according to the Stock Exchange tamtam, there also remains the hypothesis that the bank is in pole position for some extraordinary operations, perhaps with institutions french.
