Banca Carige close to falling under control of BlackRock
BlackRock [NYSE:BLK] is close to gaining control of Banca Carige [BIT:CRG], the Italian-language daily Il Sole 24 Ore reported.
The report cited as evidence the public backing given to BlackRock by the Italian Minister of Economy Giovanni Tria.
The report said that the Bank of Italy has also given its approval to a takeover by BlackRock.
The article added that as BlackRock's proposal is the only one on the table, a deal is expected to be announced in the next few hours.
The item noted that the rescue of Carige will take place with a EUR 720m recapitalisation,
As previously reported, following the recapitalisation, BlackRock will hold 45% of Carige.