October 13, 2016 / 7:11 AM / a year ago

BRIEF-Shares in Fineco fall 1 pct after placement

Oct 13 (Reuters) - UniCredit’s online broker business Finecobank :

* shares fall 1 percent after placement of 20 percent stake on Wednesday

* UniCredit shares down 0.3 percent after reversing early gains

* Italy’s biggest bank by assets sold on Wednesday a 20 percent stake in FinecoBank, raising 552 million euros ($618 million) as it seeks to bolster its financial strength. Further company coverage: (Reporting by Milan newsroom)

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