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Report: UniCredit could set offering price in coming days

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Report: UniCredit could set offering price in coming days

UniCredit SpA will determine during the week of Jan. 30 the per-share price and other elements of its expected €13 billion capital increase, a "source close to the matter" told Reuters on Jan. 27.

The bank's board could meet Feb. 1 or Feb. 2, the source said, which would allow the capital increase to be launched as soon as Feb. 6. UniCredit is slated to report fourth-quarter and full-year 2016 earnings Feb. 9.