UniCredit Agrees Sale of Stakes in Two Funds Managed by F2i to Ardian
July 28 2017 - 2:22AM
Dow Jones News
By Giovanni Legorano
ROME--Italian lender UniCredit SpA (UCG.MI) on Friday said it
has reached an agreement to sell its stakes in two infrastructure
funds managed by F2i SGR SpA to private equity firm Ardian.
The bank, which is Italy's largest by assets, said it will
pocket a profit of around 90 million euros ($94 million) when the
transaction closes this fall and after F2i SGR has given its green
light to the sale.
Write to Giovanni Legorano at giovanni.legorano@wsj.com
(END) Dow Jones Newswires
July 28, 2017 03:07 ET (07:07 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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