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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| ERG SpA | BIT:ERG | Italy | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.04 | -0.16% | 24.48 | 24.20 | 24.58 | 24.64 | 24.30 | 24.36 | 161,014 | 17:00:00 |
From Jul 2019 to Jul 2024
By Anthony Shevlin
UniCredit SpA (UCG.MI) said Tuesday that it has started the placement of its entire shareholdings in ERG SpA (ERG.MI) through an accelerated book-building procedure.
The Italian company said the sale of the shares was equal to around 4% of ERG's ordinary share capital and that bookbuilding will commence immediately.
The value of the shares would be EUR120.6 million ($148 million) based on ERG's closing share price of EUR20.06 on Tuesday.
UniCredit said the shares will be offered to certain Italian qualified and international institutional investors.
Citigroup, Morgan Stanley and UniCredit Corporate & Investment Banking have been appointed by UniCredit to act as joint bookrunners of the placement.
Write to Anthony Shevlin at anthony.shevlin@dowjones.com
(END) Dow Jones Newswires
April 10, 2018 13:07 ET (17:07 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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