UniCredit said Wednesday that
new Italian bank fund Atlante will buy a maximum of 1.5 billion
euros' worth of unsold shares in Banca Popolare di Vicenza's
upcoming capital increase. UniCredit is underwriting the cash
call. "Quaestio, in the name, on behalf and in the interest of
the Fund Atlante, which is currently in the process of being
established, has undertaken vis-à-vis UniCredit to subscribe the
newly issued shares arising from the capital increase approved
by Banca Popolare di Vicenza S.p.A. remaining un-subscribed in
the context of the proposed offering of BPVi shares aimed to the
listing, in the event that UniCredit shall be required to
subscribe them pursuant to the underwriting undertakings with
BPVi up to the maximum amount of Euro 1,500 million," UniCredit
said.
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