trending Market Intelligence /marketintelligence/en/news-insights/trending/neAmN724VkY5gcYWOKd46A2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Banca Carige confirms Creditis sale, ends rights issue

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Street Talk Episode 67 - Veteran investor tabs Mick Mulvaney to help with latest financial stock-focused fund

Street Talk Episode 65 - Deferral practices trap US bank portfolios in purgatory


Banca Carige confirms Creditis sale, ends rights issue

Banca Carige SpA agreed to sell an 80.1% stake in consumer credit unit Creditis Servizi finanziari SpA to Chenavari Investment Managers, for a consideration of €80.1 million.

The deal, which forms a part of Banca Carige's capital increase activities, is expected to be closed at the end of the first half of 2018. KPMG Corporate Finance acted as business adviser to Banca Carige on the deal, with Bonelli Erede as legal adviser.

The lender also closed its rights issue Dec. 6, under which roughly 49.8 billion newly issued ordinary shares were offered and another reserved tranche of up to 6 billion newly issued ordinary shares was placed with holders of bonds issued as part of an earlier debt conversion. Of the first tranche, 33.1 billion or 66% of the shares were subscribed for about €331 million, while around 4.6 billion, or 77%, of the shares from the reserved tranche were subscribed for approximately €46 million.

Any rights that remain unexercised after the issuance will be subscribed for by Equita SIM SpA on behalf of first-allocation sub-underwriters, but priority will be given to Malacalza Investimenti Srl to allow it to raise its shareholding in the bank to 28%.

Clifford Chance acted as legal adviser for Banca Carige on the entire capital hike process.