UniCredit exits Mediobanca ahead of new strategy launch

Mediobanca_logo_alamy_230x150
By Aidan Gregory
07 Nov 2019

UniCredit sold its entire stake in Mediobanca through a €784m block trade on Wednesday night, before announcing its third quarter results on Thursday morning.

The sale, led by Bank of America, Morgan Stanley and UniCredit’s own investment bank, came after a rally in the EuroStoxx Banks Index in recent weeks, propelled by renewed quantitative easing by the European Central Bank.

Shares in Mediobanca had risen 47% over the past 12 months and closed ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.