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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Intesa Sanpaolo Spa | BIT:ISP | Italy | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.112 | -3.13% | 3.462 | 3.4595 | 3.4645 | 3.597 | 3.437 | 3.59 | 167,779,882 | 17:00:00 |
From May 2019 to May 2024
By Giovanni Legorano
MILAN--Intesa Sanpaolo SpA said Tuesday the Italian lender sold its 0.49% stake in Visa Europe to Visa Inc, making a net capital gain of 150 million euros ($170 million).
The bank said it will book the gain on its second-quarter results.
The transaction follows the agreement reached in May to sell two payment units -- Setefi and Intesa Sanpaolo Card -- for EUR1.04 billion to a consortium comprising private-equity funds Advent, Bain Capital and Clessidra.
In recent years, Intesa has increased its business focus on lending, asset management and investment banking. In the past, its management said it would have considered buying companies mainly active in asset management, while exiting investments outside of its core activity.
Write to Giovanni Legorano at giovanni.legorano@wsj.com
(END) Dow Jones Newswires
June 21, 2016 12:01 ET (16:01 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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