The rights issue
Those who have been reading the blog long enough might remember that Italy in general is a good hunting ground for “interesting” deeply discounted rights issues and especially Unicredit rights issues in the past were very interesting experiences.
So roughly 4 years later, Unicredit has launched another rights issue. Ex date for the subscription right has been Monday, February 6th.
The conditions were as follows:
- 13 new shares for 5 existing ones
- a subscription price of 8,09 EUR
- total volume 13 bn EUR (!!!)
- subscription rights trade under the ticker UCGAZ