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

June 15, 2016 8:30 AM

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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.

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