Shareholders at troubled Banca Italease have approved a capital
increase for a maximum of €1.2 billion, the company has
announced.
At an extraordinary meeting held earlier this week, shareholders
voted on a number of actions to help restore the company’s health,
including the share capital increase within 12 months via the issue
of option rights to offer to shareholders.
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Banca Italease’s move is part of its overall restructuring plan,
following extensive losses in the last two and a half year.
Earlier this year, in its H1 financial results, the Italian
lessor unveiled total losses of over €1.7 billion.
It said it will cover these losses with the recently
approved actions, as well as using of all of the available
reserves which amount to €1.09 billion.
Antonio Fabrizio
