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MDIBY Mediobanca Banca Di Credito Finanziario SPA (PK)

14.442
-0.328 (-2.22%)
14 Jun 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Mediobanca Banca Di Credito Finanziario SPA (PK) USOTC:MDIBY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  -0.328 -2.22% 14.442 14.13 14.58 14.442 14.283 14.307 1,485 21:06:11

UniCredit Gross Proceeds From Mediobanca Stake Sale EUR785 Million

07/11/2019 6:30am

Dow Jones News


Mediobanca Banca Di Cred... (PK) (USOTC:MDIBY)
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   By Sarah Sloat 
 

UniCredit SpA (UCG.MI) said late Wednesday that it sold its 8.4% stake in Mediobanca-Banca di Credito Finanziario SpA (MB.MI) for gross proceeds of about 785 million euros ($869.6 million).

The bookbuilding process set a per-share price of EUR10.53, the Italian bank said. The placement of about 74.5 million ordinary shares represents UniCredit's entire shareholding in Mediobanca.

UniCredit expects the transaction to be largely neutral in terms of its CET 1 capital ratio, a measure of capital strength.

Bank of America Corp.'s Securities (BAC), Morgan Stanley (MS) and UniCredit's Corporate and Investment Banking division acted as joint bookrunners of the placement.

 

Write to Sarah Sloat at sarah.sloat@wsj.com

 

(END) Dow Jones Newswires

November 07, 2019 01:15 ET (06:15 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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