MILAN, April 18 () - A plan U.S. asset Blackrock has put forward to salvage troubled Italian lender Carige includes a cash call of 700 million euros ($790.93 million) or more, two Italian newspapers reported on Thursday.
The amount is higher than the 630 million euros the Genoa-based bank has said it needs after reporting a 2018 loss of 273 million euros.
Carige was placed under special administration at the start of the year after the Malacalza family, its top investor, blocked a planned capital raising, derailing an industry-financed rescue plan.
($1 = 0.8850 euros)
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