UniCredit has put a 10% stake in FinecoBank up for sale through an accelerated bookbuilding process at €5.40 per share. The deal is expected to close by the end of this year. The sale will boost UniCredit's common equity Tier 1 ratio, which gauges capital solidity, by about eight basis points. Following the sale, UniCredit will retain a 55.4% stake in FinecoBank.
UniCredit has put a 10% stake in FinecoBank up for sale through an accelerated bookbuilding process at €5.40 per share. The deal is expected to close by the end of this year. Following the sale, UniCredit will retain a 55.4% stake in FinecoBank.