UniCredit CEO Jean Pierre Mustier
said Thursday "we have had a positive initial feedback" on a
13-billion-euro capital hike "and we will meet many other
investors in many countries in the next few weeks". Speaking
after shareholders overwhelmingly approved the hike, Mustier
said "we are fully confident". Mustier added "we'll have to work
hard". The capital hike for Italy's second-biggest bank was
approved earlier Thursday by 99.6% of shareholders representing
over 52% of the share capital, in a long-awaited move to shore
up the bank's finances.
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