UniCredit, Intesa offload their legacy stakes in France’s Eramet for €169m

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UniCredit, Intesa offload their legacy stakes in France’s Eramet for €169m

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The exterior of the Italian bank Intesa Sanpaolo in Rome, Italy, 07 February 2017. Photo: Lena Klimkeit | Lena Klimkeit/DPA/PA Images

Intesa Sanpaolo and UniCredit have sold their stakes in Eramet, the French mining and metallurgy company, which they had acquired as a result of the debt restructuring of the Carlo Tassara vehicle in 2016.

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