CRC set to buy Banca Carige’s consumer credit business

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.


Categories: Creativity, Economy & Finance, Entrepreneurship, HR & Organization, Regulations & Legal, Strategy

Tags: , , , , , , , , ,

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: