Stock market regulator CONSOB on
Monday approved the registration document prepared by UniCredit
for potential investors in view of its 13 billion euro capital
hike.
Partial subscription could have "a significant negative
impact on the economic, asset and financial situation" of
Italy's second biggest bank such as to "compromise the existence
of the prerequisites for continuing business", the document
read.
In this event, Unicredit could be subject to "invasive"
intervention by the European Central Bank.
Unicredit shares were trading down 5.5% on Monday morning
after being readmitted following suspension due to volatility.
UniCredit is among several Italian banks seeking to shore up
their finances.
The 13-billion euro capital increase was approved by
shareholders earlier this month.
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