UniCredit has put a 10% stake in UniCredit up for sale through an accelerated bookbuilding process at € $364.1 million per share. UniCredit SpA (UCG.MI) said Tuesday it has put a stake in financial services company FinecoBank SpA (FBK.MI) up for sale for about 328 million euros ($364.1 million), as part of the Italian bank's focus to boost capital. The sale is expected to reach €326m, boosting UniCredit 's common equity Tier about eight ratio by 1 basis points. Following the sale, UniCredit will retain a 10% stake in FinecoBank .
UniCredit has put a 10% stake in UniCredit up for sale through an accelerated bookbuilding process at € $364.1 million per share. The sale is expected to reach €326m, boosting UniCredit 's common equity Tier about eight ratio by 1 basis points. Following the sale, UniCredit will retain a 10% stake in FinecoBank .