Potential bidders for Italy's Carige in talks with the ECB: sources [Reuters]
Apollo Global Management, Inc. (New) (APO)
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Source: Reuters
Potential bidders for Italy's Carige in talks with the ECB: sources | Reuters 2 Min Read ROME (Reuters) - Potential bidders for troubled Italian lender Carige are in touch with the European Central Bank ahead of an April 15 deadline to submit possible offers, a source close to the matter said on Monday. The ECB appointed three temporary administrators on Jan. 2 to run Italy’s 10th-largest bank and asked them to find a buyer to stave off the risk of state intervention. Under an emergency decree approved in January, Italy’s government can spend up to 1 billion euros by September to buy new Carige shares. The bank has said it needs to raise 630 million euros in capital after reporting a 2018 loss of 273 million euros. The source said there were a handful of investors interested in Carige but declined to name them. Some of the bidders, which are either investment funds or rival banks, are only interested in specific assets, the source said. However, a second source close to the matter sai
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APO
Earnings
- 2/8/24 - Beat
APO
Sec Filings
- 4/11/24 - Form 4
- 3/21/24 - Form 4
- 3/5/24 - Form 4
- APO's page on the SEC website