Still a session of sales for Unicredit in Milan Stock Exchange, as investors worry that the bank has to resort to a capital increase of up to 8 billion Euros. The institute titles Gae Aulenti Piazza yield more than 4%, with a minimum fell to 1.837 euro. In yesterday’s session Unicredit has already left on the ground for 9.4%. Though promoted in the stress tests, the bank, in case of setting more challenging, it’s over in the bottom of the ranking of the 51 banks tested by the EBA. Worse than she did only three institutions, including the MPS Italian. This morning press rumors report that the new a.d. Jean Pierre Mustier opened a table of talks with some banks to strengthen capital.
(source: Thomson Reuters)
the figure – according to rumors – would amount to 7-8 billion euro, but could vary depending on how will other extraordinary transactions in the pipeline, such as a possible IPO of Pioneer. Not even rule out further sales of shares in Pekao and Finecobank. The deal could be announced in November 2016 and then be launched in January-February 2017.
For the Imi Bank analysts, the possibility of a capital increase from 7000 to 8000 million “is consistent with the stress test results “, noting that in case of more adverse scenario, the capital shortfall of Unicredit, compared with the average of European banks, would amount to 8.5 billion euro. On the institution it confirmed its ‘hold’, with price target under review. As for the Mediobanca analysts, which also describe to them the press reports on the increase in potential capital from 7000 to 8000 million, they expect to continue the current “period of volatility”, given the size and the uncertainty that events described confront investors. To this, add the stand and watch the situation evolves and is a clearer strategy, confirming its ‘neutral’ rating with a target to 3.50 euro.
(Il Sole 24 Ore Thomson Plus)
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