Italy's Carige calls shareholder meeting to approve capital increase

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Reuters
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Credit: REUTERS/Max Rossi

Italian bank Carige has called an extraordinary shareholder meeting on Sept. 20 to approve its planned capital increase.

LONDON, Aug 19 (Reuters) - Italian bank Carige CRGI.MI has called an extraordinary shareholder meeting on Sept. 20 to approve its planned capital increase.

The capital increase is part of a rescue plan led by the depositor protection fund (FITD) that will shoulder the bulk of a 900 million euro ($999 million) cash injection.

The plan received the green light from the European Central Bank last week, sources told Reuters.

($1 = 0.9012 euros)

(Reporting by Pamela Barbaglia Editing by David Goodman)

((pamela.barbaglia@thomsonreuters.com; +442075427723; Reuters Messaging: pamela.barbaglia.thomsonreuters.com@reuters.net))

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