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.
According to some analysts that is the largest discount offered to date on a capital increase by any European bank.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Shares of Unicredit were earlier suspended 'limit-down' and at 9:51AM are trading lower by 7.03%, to €5.885, after earlier on having fallen by nearly 10%.
AB
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
MPs warn over Lifetime ISAs which could leave savers out of pocket
The Treasury Committee has highlighted confusion around the Lifetime ISA withdrawal charge, which risks consumers losing “a significant part of their savings”
-
FCA reveals 'once in a generation' advice changes - what the reforms mean for you
Consumers to get free access to financial advice type help for pensions and investment following proposed changes from the regulator