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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Apollo Bancorp Inc (PK) | USOTC:APLO | OTCMarkets | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 37.00 | 37.25 | 40.50 | 0.00 | 21:00:10 |
From Jun 2019 to Jun 2024
By Giovanni Legorano
MILAN--Troubled Italian lender Banca Carige SpA (CRG.MI) says Apollo Management International LLP (APLO)has made the bank a non-binding offer to buy its portfolio of bad loans and recapitalize it with a 500 million euro ($558.8 million) reserved capital increase.
At current market prices -- the bank capitalizes EUR478 million -- Apollo would gain control of the bank, after the reserved cash call.
The bank said Apollo's proposal is a revision of the initial offer the fund made in February. At the time, the fund had offered to buy EUR525 million in new shares.
Write to Giovanni Legorano at giovanni.legorano@wsj.com
(END) Dow Jones Newswires
March 29, 2016 05:23 ET (09:23 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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