Italy's Unipol raises stake in Popolare di Sondrio to 19.7%

UnipolSai Assicurazioni SpA

28/09/2023 08:27

MILAN, Sept 28 (Reuters) - Italian financial group
Unipol Gruppo  UNPI.MI  said on Thursday it had raised its stake
in Banca Popolare di Sondrio  BPSI.MI  to 19.7%, after buying
around 10.2% of the small bank from investors via a reverse
accelerated bookbuilding procedure. 
    Unipol paid a price of 5.10 euros for every Popolare di
Sondrio share for a total outlay of around 235.6 million euros 
($248 million), it said in a statement.   
    

($1 = 0.9509 euros)

 (Reporting by Gianluca Semeraro; editing by Valentina Za)
 ((gianluca.semeraro@tr.com; +39 06 80 307 741;))