Bloomberg News

UniCredit Says Capital Increase Unavoidable After EU Decisions

December 15, 2011

Dec. 15 (Bloomberg) -- UniCredit SpA’s share sale cannot be avoided after the decision of the European Council to give the ECB the task of ensuring that all banks have sufficient liquidity, Chairman Dieter Rampl said at a shareholders meeting today. Investors are meeting today to review the bank’s proposal to sell as much as 7.5 billion euros of shares.

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