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Banca Carige names CEO, examines Apollo's offer to buy bad loan portfolio

said April 4that its board appointed Guido Bastianini CEO.

Thebank said the board also received initial information about the submitted by ApolloManagementInternational LLP, commencing first insight-gaining activities.

'sLondon-based unit has made an offer to buy Banca Carige's portfolio of bad loans and raise thelender's capital by €550 million. The deal would result in Apollo having anearly 50% stake in the lender.