trending Market Intelligence /marketintelligence/en/news-insights/trending/urlhPrMCZED6G4SV3N3xoA2 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

In this list

Report: Värde, Apollo among potential bidders for Italian lender Carige

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive

Talking Bank Stocks, Playing The M&A Trade With Longtime Investor

Report: Kashkari Says Fed In Holding Pattern But Rate Cut Still Possible

Report: Värde, Apollo among potential bidders for Italian lender Carige

A number of investors are mulling offers for Banca Carige SpA in advance of an April 15 deadline to submit bids for the troubled Italian lender, Reuters reported, citing a source close to the matter.

Sources reportedly named Värde Partners Inc., Apollo Global Management LLC and BlackRock Inc. among those interested in Carige, Reuters said. Italian press also reported that U.K.-based asset manager Attestor Capital LLP is interested in the Italian lender.

Carige's prospective buyers are in talks with the European Central Bank, which appointed temporary administrators for the Italian lender in January to oversee the bank and replace its board.

Some of the potential investors are only interested in specific assets of the bank, the source added. A second source close to the matter said only two private equity funds put forward bids for Carige.

Earlier in February, Illimity's CEO said the bank could be interested if Carige decides to sell its nonperforming and unlikely-to-pay loans portfolio.

Carige said in February that it must raise €630 million in 2019 to execute a "fundamental turnaround."

The ECB and Carige declined to comment on the matter, according to the March 18 Reuters report.