trending Market Intelligence /marketintelligence/en/news-insights/trending/GZfHSOMGbcT0WxL2m1HMlw2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

UniCredit sells 10% stake in FinecoBank

Banking Essentials Newsletter December Edition Part 2

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery

UniCredit sells 10% stake in FinecoBank

UniCreditSpA completed the placement of approximately 60.7 million existingordinary shares in unit FinecoBankSpA to institutional investors at a price of €5.40 per share.

Gross proceeds of the placement, which represents 10% ofFinecoBank's issued share capital, amounted to approximately €328 million, representing a discount of approximately6% to the last pre-announcement closing price of the unit. The funds areestimated to result in an increase of approximately 8 basis points in thegroup's common equity Tier 1 ratio.

Closing of the placement will take place July 14. Followingcompletion of the placement, UniCredit will continue to hold a majorityshareholding in FinecoBank, corresponding to 55.4% of the company's sharecapital.

UBS Ltd. and UniCredit Corporate & Investment Bankingacted as joint book runners of the placement.