Italian lender Credito Valtellinese SpA said it has sold all 1,870,923 unexercised rights in the offer period for its €700 million capital increase.
The rights to the subscription of 1,180,552,413 new ordinary shares for a total of €118.1 million will lapse if not exercised no later than March 20.
Of 6,996,605,613 new ordinary shares issued by the bank, around 83% worth roughly €582 million were sold during the offer period from Feb. 19 and March 8.
