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UniCredit, Intesa Sanpaolo Place Their LSE Stakes On Market

Date : 22/05/2012 @ 17:52
Source : Dow Jones News
Stock : Lon.Stk.Exch (LSE)
Quote : 1399.0  13.0 (0.94%) @ 16:35

UniCredit, Intesa Sanpaolo Place Their LSE Stakes On Market

Unicredit (BIT:UCG)
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Italian banks UniCredit SpA (UCG.MI) and Intesa Sanpaolo SpA (ISP.MI) said Tuesday they are placing their entire stakes in London Stock Exchange Group PLC (LSE.LN) to institutional investors through a bookbuilding process.

In separate statements, Intesa Sanpaolo said it was placing its 5.4% stake in LSE while UniCredit said it was offering on the market its 6.1% holding.

The banks appointed Morgan Stanley (MS) as bookrunner for the placements.

-By Giada Zampano, Dow Jones Newswires; +39 06 69766920; giada.zampano@dowjones.com




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