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7 months ago
BRIEF-Intesa Sanpaolo to sell 4.88 pct Bank of Italy stake for 366 mln euros
February 3, 2017 / 1:53 PM / 7 months ago

BRIEF-Intesa Sanpaolo to sell 4.88 pct Bank of Italy stake for 366 mln euros

Feb 3 (Reuters) - Intesa Sanpaolo says:

* board authorises sale of 4.88 percent stake in Bank of Italy

* to sell shareholding in Bank of Italy capital for around 366 million euros

* following stake sale its holding in Bank of Italy to drop to 27.81 percent

* Lender plans to reduce its Bank of Italy stake to no more than 3 percent Source text for Eikon: Further company coverage: (Reporting by Milan newsroom)

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