Renewable Energy

ECB has given Carige "about a month" to find a market solution-source

Credit: REUTERS/Alessandro Bianchi

The European Central Bank has given troubled Italian lender Carige "about a month" to find an alternative buyer after U.S. asset manager BlackRock pulled out of a proposed rescue bid for the lender, a source close to the matter said on Friday.

ROME, May 17 (Reuters) - The European Central Bank has given troubled Italian lender Carige CRGI.MI "about a month" to find an alternative buyer after U.S. asset manager BlackRock pulled out of a proposed rescue bid for the lender, a source close to the matter said on Friday.

A second source said the ECB had given temporary administrators running the Genoa-based bank "a few more days" to find a buyer, after a previous May 17 deadline expired without a solution having been found.

(Reported by Stefano Bernabei and Giuseppe Fonte, writing by Andrea Mandala)

((andrea.mandala@thomsonreuters.com; +390266129436; Reuters Messaging: andrea.mandala.thomsonreuters.com@reuters.net))

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