Popolare di Vicenza Owners Back IPO After ECB Ultimatum

Updated on
  • Investors approve the proposals at a meeting in Vicenza
  • Bank to raise up to $2 billion in initial public offering

Banca Popolare di Vicenza SCpA’s owners approved a plan to raise as much as 1.8 billion euros ($2 billion) in an initial public offering and transform the cooperative lender into a joint-stock firm, a crucial step toward ensuring its survival.

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