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UCG Unicredit Spa

34.195
-0.705 (-2.02%)
03 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Unicredit Spa BIT:UCG Italy Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.705 -2.02% 34.195 34.15 34.41 35.12 33.845 35.005 8,554,215 17:00:00

UniCredit Agrees Sale of Stakes in Two Funds Managed by F2i to Ardian

28/07/2017 8:22am

Dow Jones News


Unicredit (BIT:UCG)
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By Giovanni Legorano

 

ROME--Italian lender UniCredit SpA (UCG.MI) on Friday said it has reached an agreement to sell its stakes in two infrastructure funds managed by F2i SGR SpA to private equity firm Ardian.

The bank, which is Italy's largest by assets, said it will pocket a profit of around 90 million euros ($94 million) when the transaction closes this fall and after F2i SGR has given its green light to the sale.

 

Write to Giovanni Legorano at giovanni.legorano@wsj.com

 

(END) Dow Jones Newswires

July 28, 2017 03:07 ET (07:07 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.

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