Deals
UniCredit Sells First Shares in Online Broker
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UniCredit SpA, Italy’s biggest bank, raised 673 million euros ($917 million) in the first public sale of shares in its online broker unit FinecoBank SpA.
UniCredit sold 181.9 million shares, representing a 30 percent stake, at 3.7 euros apiece, the Milan-based lender said in a statement today. The price is at the lower end of the revised range for the offering. The original range of 3.5 euros to 4.4 euros was narrowed to 3.7 euros to 4 euros June 25, according to people familiar with the matter.