Banca Carige has to decide the matter by tomorrow and close the sale by December 6.

On Wednesday, as per a source familiar with the matter at hand, Christofferson Robb & Company (CRC), a U.S. hedge fund, has presented an offer to purchase Banca Carige’s consumer credit unit Creditis.

As per the prospectus for the capital increase, Banca Carige will have to accept the offer by Wednesday and close the sale of its, by December 6.

Banca Carige is pursuing a 560 million euros increase in its capital to strengthen its balance sheet.

For CRC the increase in its capital is contingent on accepting this offer under an existing accord with Equita, a broker.

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Tags: Banca Carige, capital increase, Christofferson Robb & Company, consumer credit business, CRC, Creditis, Equita, M&A, mergers and acquisition, U.S. hedge fund