Small investors have taken up 30 percent of Banco Popolare cash call: CEO

June 15, 2016 8:30 AM

12 0

MILAN Retail investors have taken up so far around one third of a 1 billion euro ($1 billion) share issue Banco Popolare is carrying out as part of its agreed merger with rival Banca Popolare di Milano to create Italy's third-largest banking group.

Banco Popolare CEO Pier Francesco Saviotti told journalists retail investors, as of today, had invested around 300 million euros in the offer which runs until June 22.

Also read: Brazil's Agriculture minister says meat industry may lose 10 percent market share

Read more

To category page