UniCredit Starts Placement of Shares in ERG
10 Abril 2018 - 12:22PM
Noticias Dow Jones
By Anthony Shevlin
UniCredit SpA (UCG.MI) said Tuesday that it has started the
placement of its entire shareholdings in ERG SpA (ERG.MI) through
an accelerated book-building procedure.
The Italian company said the sale of the shares was equal to
around 4% of ERG's ordinary share capital and that bookbuilding
will commence immediately.
The value of the shares would be EUR120.6 million ($148 million)
based on ERG's closing share price of EUR20.06 on Tuesday.
UniCredit said the shares will be offered to certain Italian
qualified and international institutional investors.
Citigroup, Morgan Stanley and UniCredit Corporate &
Investment Banking have been appointed by UniCredit to act as joint
bookrunners of the placement.
Write to Anthony Shevlin at anthony.shevlin@dowjones.com
(END) Dow Jones Newswires
April 10, 2018 13:07 ET (17:07 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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