UBI offers 1 euro for 3 good banks

Bank set to increase capital by 400 million

UBI offers 1 euro for 3 good banks

Milan, January 12 - UBI Banca said Thursday that it has made a binding offer valid until January 18 to pay one euro to the National Resolution Fund for three of the four good banks set up in a rescue of the lenders in 2015. It said it would launch a capital increase of 400 million euros as part of the operation to take over Banca Marche, Banca Etruria and CariChieti.

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