Shares of Unicredit fall sharply after pricing capital increase

Shares of Italian bank Unicredit are now falling sharply after this morning setting the price for a €7.5bn capital increase.

Shares of Italian bank Unicredit are now falling sharply after this morning setting the price for a €7.5bn capital increase.

The offering has been priced at a 43% discount to the shares theoretical value excluding the rights, or 1.943 Euros per each share. Unicredit will offer two shares for every one held.

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