Following our note earlier this week warning of creditors concerns that UniCredit may be forced to purchase Popolare di Vicenza's shares if it fails to find buyers, thereby affecting its own regulatory capital levels, the Italian lender has now confirmed it is to stand by its commitment and looks set to go ahead with its deal to underwrite almost all of a $1.76 billion euro share issue by Popolare di Vicenza amid market concerns of a possible delay.
Following our note earlier this week warning of creditors concerns that UniCredit may be forced to purchase Popolare di Vicenza's shares if it fails to find buyers, thereby affecting its own regulatory capital levels, the Italian lender has now confirmed it is to stand by its commitment and looks set to go ahead with its deal to underwrite almost all of a $2bn share issue by Popolare di Vicenza amid market concerns of a possible delay.