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Concerns Over Bank Austria´s Holding Company
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Share prices of the Italian UniCredit fell drastically over the last days. The major bank urgently needs a capital increase.
Concerns Over Bank Austria´s Holding Company / Picture: © UniCredit Banca
Over the last three trading days, UniCredit´s share price fell by 37%. Nevertheless, CEO Frederico Ghizzoni stated to be optimistic that the capital increase, which starts by Monday, will be successful. The capital increase program has a volume of € 7.5bn. “We are waiting with confidence for the capital increase.”, Ghizzoni is cited in “Corriere della Sera”.
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