Books for Unipol's offer on Popolare di Sondrio are 90% covered - trader

UnipolSai Assicurazioni SpA

27/09/2023 18:21

MILAN, Sept 27 (Reuters) - Books for a reverse
accelerated book-building launched by Italian financial group
Unipol  UNPI.MI  on Banca Popolare di Sondrio  BPSI.MI  have so
far been 90% covered at a price of 5.10 euros ($5.35) per share,
a trader said.
    Unipol said earlier on Wednesday it had hired Equita SIM and
Mediobanca to buy another 10.2% of Popolare di Sondrio, bringing
its overall stake to 19.7% and tightening its grip on the
regional lender. 

($1 = 0.9531 euros)

 (Reporting by Valentian Za, writing by Federico Maccioni,
editing by Gavin Jones)
 ((Federico.maccioni@thomsonreuters.com; +39 3420768883;))