Saturday, December 19, 2015

STEP 1-Veneto Banca, blepiscito of Spa, increase, IPO for spectrum commisariamento – Reuters Italy

(Rewrites, adds details, background)

Montello (Treviso), Dec. 19 (Reuters) – V eneto Bank cashing suffered green light assembly to the project ‘Serenissima’, which is the package of measures agreed with the ECB, which includes transformation in Spa, a capital increase of up to a billion and prices, you need to put the bank on security and avert the specter a possible settlement procedure.

In the large marquee Villa Spineda Volpago of Montello, a few kilometers from Montebelluna, occurred more than 7,000 members and, despite heavy maldipancia to have seen burning in little more than a year over 80% of its portfolio theory, the yeas have passed 97%.

“Now open up scenarios for what concerns joint operations M & A, “said the CEO Cristiano Carrus at the end of the meeting.

” We were considered as a possible option but that he had a dignity of high option, now Veneto Banca compared on par with the others, “he added. The recapitalization, which will serve to bring capital ratios above the target set by the ECB, and the stock exchange, are expected by the end of April 2016.

At September 30, the institute had a CET1 ‘phase-in’ equal to 7.12% (6.99% fully loaded) while nell’ambitro Srep of the ECB has set a minimum target of 10.25%.

The recapitalization transaction is guaranteed by Banca Imi but Carrus has ensured that there are “a dozen” of other banks that may participate in the operation. “The consortium and ‘oversubscribed by more than a billion,” he said while stressing that the increase will not exceed the amount expected to avoid excessive dilution.

SPECTRUM commissioner More …

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