Giorgio Olivato, vice chairman of a foundation that is Monte Paschi's largest shareholder, has resigned from office for unknown reasons. Sources, however, said that Olivato opposed the foundation's plan to sell its stake in the Italian bank.
capital increase
Breaking News
Air France-KLM, a top shareholder in Italy’s Alitalia, did not make a clear position regarding a proposed capital increase to save the near-bankrupt air carrier.
Egyptian private equity firm Citadel Capital said on Sunday it would increase its capital following the clearance it had won from the company's shareholders.
Erste's capital hike raised net proceeds of Eur632 million.
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