By Carlo Martuscelli

UniCredit SpA. (UCG.MI) said Thursday that it raised 440 million euros ($484.8 million) in an accelerated bookbuild in which it sold 100.7 billion shares in Turkish lender Yapi ve Kredi Bankasi AS (YKBNK.IS).

Following the bookbuild, the company holds 168.9 billion shares in YKB, the Italian bank said.

UniCredit said the transaction, which it will book in its first-quarter results this year, will generate a hit of about EUR820 million on its consolidated profit and loss accounts. The impact from the disposal on its consolidated common equity Tier 1 ratio is expected to be about 0.5 percentage points, it said.

Write to Carlo Martuscelli at carlo.martuscelli@wsj.com; @carlomartu

(END) Dow Jones Newswires

February 06, 2020 01:54 ET (06:54 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
Unicredit (BIT:UCG)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024 Haga Click aquí para más Gráficas Unicredit.
Unicredit (BIT:UCG)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024 Haga Click aquí para más Gráficas Unicredit.