trending Market Intelligence /marketintelligence/en/news-insights/trending/GZfHSOMGbcT0WxL2m1HMlw2 content esgSubNav
In This List

UniCredit sells 10% stake in FinecoBank

Blog

Banking Essentials Newsletter: October Edition

Blog

Banking Essentials Newsletter: September Edition, Part - 2

Video

S&P Capital IQ Pro | Unrivaled Sector Coverage

Video

S&P Capital IQ Pro | Powering Your Edge


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.